Commonwealth Equity Services LLC Increases Holdings in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG)

Commonwealth Equity Services LLC lifted its position in shares of Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG – Get Rating) by 125.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,883 shares of the company’s stock after acquiring an additional 63,966 shares during the quarter. Commonwealth Equity Services LLC owned 14.36% of Fidelity U.S. Multifactor ETF worth $2,504,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Fidelity U.S. Multifactor ETF during the 1st quarter worth approximately $242,000. Citadel Advisors LLC raised its position in shares of Fidelity U.S. Multifactor ETF by 108.6% during the 2nd 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. Empirical Asset Management LLC raised its position in shares of Fidelity U.S. Multifactor ETF by 57.2% during the 3rd quarter. Empirical Asset Management LLC now owns 22,706 shares of the company’s stock worth $495,000 after purchasing an additional 8,258 shares during the last quarter. Finally, Adams Wealth Management acquired a new position in shares of Fidelity U.S. Multifactor ETF during the 3rd quarter worth approximately $509,000.

Fidelity U.S. Multifactor ETF Stock Performance

Shares of FLRG opened at $23.63 on Friday. The stock has a fifty day moving average of $24.49 and a two-hundred day moving average of $23.91. The company has a market capitalization of $22.45 million, a PE ratio of 12.91 and a beta of 0.89. Fidelity U.S. Multifactor ETF has a fifty-two week low of $21.67 and a fifty-two week high of $26.25.

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.