Sovran Advisors LLC acquired a new stake in shares of Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 19,409 shares of the company’s stock, valued at approximately $663,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in Fidelity U.S. Multifactor ETF during the 3rd quarter valued at $46,000. West Branch Capital LLC purchased a new position in shares of Fidelity U.S. Multifactor ETF in the fourth quarter valued at about $93,000. FMR LLC raised its stake in shares of Fidelity U.S. Multifactor ETF by 283.2% during the third quarter. FMR LLC now owns 4,595 shares of the company’s stock valued at $156,000 after acquiring an additional 3,396 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Fidelity U.S. Multifactor ETF by 1.2% during the second quarter. Cetera Investment Advisers now owns 51,282 shares of the company’s stock worth $1,619,000 after purchasing an additional 632 shares during the period. Finally, Centennial Wealth Advisory LLC bought a new stake in shares of Fidelity U.S. Multifactor ETF in the third quarter worth about $2,342,000.
Fidelity U.S. Multifactor ETF Price Performance
Shares of NYSEARCA:FLRG opened at $35.43 on Wednesday. The stock’s 50-day moving average is $34.83 and its 200 day moving average is $34.03. The company has a market cap of $124.01 million, a PE ratio of 17.98 and a beta of 0.88. Fidelity U.S. Multifactor ETF has a 1 year low of $28.41 and a 1 year high of $35.85.
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.
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