Wealth Enhancement Advisory Services LLC Grows Position in Fidelity U.S. Multifactor ETF $FLRG

Wealth Enhancement Advisory Services LLC increased its position in shares of Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 250,142 shares of the company’s stock after purchasing an additional 6,903 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 3.82% of Fidelity U.S. Multifactor ETF worth $9,053,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in Fidelity U.S. Multifactor ETF in the 4th quarter valued at about $1,120,000. Sowell Financial Services LLC bought a new stake in shares of Fidelity U.S. Multifactor ETF in the 1st quarter valued at about $208,000. Centennial Wealth Advisory LLC raised its holdings in shares of Fidelity U.S. Multifactor ETF by 7.1% in the 1st quarter. Centennial Wealth Advisory LLC now owns 74,512 shares of the company’s stock valued at $2,471,000 after purchasing an additional 4,917 shares in the last quarter. World Investment Advisors raised its holdings in shares of Fidelity U.S. Multifactor ETF by 53.8% in the 1st quarter. World Investment Advisors now owns 31,525 shares of the company’s stock valued at $1,045,000 after purchasing an additional 11,025 shares in the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of Fidelity U.S. Multifactor ETF by 15.0% in the 1st quarter. AE Wealth Management LLC now owns 1,319,340 shares of the company’s stock valued at $43,752,000 after purchasing an additional 172,354 shares in the last quarter.

Fidelity U.S. Multifactor ETF Stock Performance

NYSEARCA:FLRG opened at $38.42 on Tuesday. Fidelity U.S. Multifactor ETF has a one year low of $28.97 and a one year high of $38.43. The firm has a market cap of $257.41 million, a P/E ratio of 20.13 and a beta of 0.87. The firm has a 50-day simple moving average of $36.98 and a 200-day simple moving average of $34.92.

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.