Sigma Planning Corp Purchases New Position in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG)

Sigma Planning Corp acquired a new position in shares of Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,934 shares of the company’s stock, valued at approximately $877,000. Sigma Planning Corp owned about 0.74% of Fidelity U.S. Multifactor ETF at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of Fidelity U.S. Multifactor ETF in the third quarter valued at $46,000. Principal Securities Inc. increased its position in Fidelity U.S. Multifactor ETF by 83.5% in the 4th quarter. Principal Securities Inc. now owns 1,874 shares of the company’s stock valued at $63,000 after acquiring an additional 853 shares in the last quarter. West Branch Capital LLC acquired a new stake in Fidelity U.S. Multifactor ETF in the 4th quarter valued at about $93,000. FMR LLC raised its stake in shares of Fidelity U.S. Multifactor ETF by 283.2% in the third quarter. FMR LLC now owns 4,595 shares of the company’s stock worth $156,000 after acquiring an additional 3,396 shares during the last quarter. Finally, Sovran Advisors LLC acquired a new position in shares of Fidelity U.S. Multifactor ETF during the fourth quarter worth approximately $663,000.

Fidelity U.S. Multifactor ETF Price Performance

Shares of Fidelity U.S. Multifactor ETF stock opened at $34.73 on Wednesday. The firm has a 50 day simple moving average of $34.83 and a 200 day simple moving average of $34.31. Fidelity U.S. Multifactor ETF has a fifty-two week low of $28.68 and a fifty-two week high of $35.85. The firm has a market cap of $121.56 million, a P/E ratio of 17.98 and a beta of 0.88.

About Fidelity U.S. Multifactor ETF

The Fidelity U.S. Multifactor ETF (FLRG) is an exchange-traded fund that is based on the Fidelity U.S. Multifactor index. The fund tracks an index large-cap US stocks selected by four factors – value, quality, low volatility, and momentum. FLRG was launched on Sep 15, 2020 and is managed by Fidelity.