Kestra Advisory Services LLC raised its stake in shares of Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG – Free Report) by 41.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 72,214 shares of the company’s stock after buying an additional 21,337 shares during the period. Kestra Advisory Services LLC owned about 1.02% of Fidelity U.S. Multifactor ETF worth $2,657,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Fidelity U.S. Multifactor ETF in the second quarter worth about $180,000. RFG Advisory LLC acquired a new position in Fidelity U.S. Multifactor ETF in the first quarter valued at approximately $202,000. High Point Wealth Management LLC acquired a new position in Fidelity U.S. Multifactor ETF in the fourth quarter valued at approximately $235,000. High Falls Advisors Inc acquired a new position in Fidelity U.S. Multifactor ETF in the second quarter valued at approximately $235,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in Fidelity U.S. Multifactor ETF in the 3rd quarter worth approximately $258,000.
Fidelity U.S. Multifactor ETF Trading Down 0.7%
Fidelity U.S. Multifactor ETF stock opened at $40.86 on Friday. The firm has a market cap of $286.02 million, a PE ratio of 20.13 and a beta of 0.85. Fidelity U.S. Multifactor ETF has a 12 month low of $35.73 and a 12 month high of $41.50. The stock’s 50 day simple moving average is $40.77 and its two-hundred day simple moving average is $39.14.
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.
See Also
- Five stocks we like better than Fidelity U.S. Multifactor ETF
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
Receive News & Ratings for Fidelity U.S. Multifactor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity U.S. Multifactor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
