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

Commonwealth Equity Services LLC raised its position in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) by 1.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 146,351 shares of the company’s stock after buying an additional 2,058 shares during the period. Commonwealth Equity Services LLC owned about 14.64% of Fidelity U.S. Multifactor ETF worth $3,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Fidelity U.S. Multifactor ETF during the first quarter worth about $242,000. Citadel Advisors LLC increased its stake in shares of Fidelity U.S. Multifactor ETF by 108.6% during 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 in the last quarter. Advisor Group Holdings Inc. increased its stake in shares of Fidelity U.S. Multifactor ETF by 4,236.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 23,850 shares of the company’s stock worth $570,000 after purchasing an additional 23,300 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Fidelity U.S. Multifactor ETF during the fourth quarter worth about $585,000. Finally, Adams Wealth Management increased its stake in shares of Fidelity U.S. Multifactor ETF by 23.1% during the fourth quarter. Adams Wealth Management now owns 28,737 shares of the company’s stock worth $686,000 after purchasing an additional 5,395 shares in the last quarter.

Fidelity U.S. Multifactor ETF Stock Up 0.4 %

FLRG stock opened at $26.77 on Monday. The stock has a market capitalization of $34.80 million, a P/E ratio of 15.77 and a beta of 0.87. The firm has a 50-day simple moving average of $26.26 and a 200-day simple moving average of $25.31. Fidelity U.S. Multifactor ETF has a 52 week low of $21.67 and a 52 week high of $26.78.

Fidelity U.S. Multifactor ETF Company Profile

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.