Commonwealth Equity Services LLC Acquires 29,410 Shares of Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG)

Commonwealth Equity Services LLC lifted its holdings in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG – Get Rating) by 25.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,293 shares of the company’s stock after acquiring an additional 29,410 shares during the period. Commonwealth Equity Services LLC owned 15.19% of Fidelity U.S. Multifactor ETF worth $3,444,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. bought a new stake in Fidelity U.S. Multifactor ETF in the fourth quarter worth about $585,000. Adams Wealth Management bought a new stake in Fidelity U.S. Multifactor ETF in the third quarter worth about $509,000. Citadel Advisors LLC lifted its stake in Fidelity U.S. Multifactor ETF by 108.6% in the second quarter. Citadel Advisors LLC now owns 19,121 shares of the company’s stock worth $432,000 after purchasing an additional 9,953 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Fidelity U.S. Multifactor ETF in the first quarter worth about $242,000.

Fidelity U.S. Multifactor ETF Price Performance

Shares of NYSEARCA FLRG opened at $25.05 on Friday. The company has a market cap of $25.05 million, a P/E ratio of 12.91 and a beta of 0.87. Fidelity U.S. Multifactor ETF has a 1 year low of $21.67 and a 1 year high of $25.48. The firm has a 50-day simple moving average of $24.59 and a two-hundred day simple moving average of $24.42.

Fidelity U.S. Multifactor ETF Company Profile

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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.