Fidelity U.S. Multifactor ETF $FLRG Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its position in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) by 7.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,318 shares of the company’s stock after acquiring an additional 3,326 shares during the period. Cetera Investment Advisers owned about 0.73% of Fidelity U.S. Multifactor ETF worth $1,737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FLRG. AE Wealth Management LLC lifted its position in Fidelity U.S. Multifactor ETF by 16.1% in the second quarter. AE Wealth Management LLC now owns 1,531,499 shares of the company’s stock valued at $55,051,000 after purchasing an additional 212,159 shares during the period. World Investment Advisors raised its stake in shares of Fidelity U.S. Multifactor ETF by 10.8% during the 2nd quarter. World Investment Advisors now owns 34,925 shares of the company’s stock worth $1,255,000 after buying an additional 3,400 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity U.S. Multifactor ETF by 93.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,597 shares of the company’s stock valued at $489,000 after buying an additional 6,569 shares during the period. Williams & Novak LLC acquired a new stake in shares of Fidelity U.S. Multifactor ETF in the 2nd quarter valued at approximately $224,000. Finally, IFP Advisors Inc boosted its stake in shares of Fidelity U.S. Multifactor ETF by 1.1% in the second quarter. IFP Advisors Inc now owns 52,331 shares of the company’s stock valued at $1,881,000 after buying an additional 593 shares in the last quarter.

Fidelity U.S. Multifactor ETF Price Performance

Shares of FLRG stock opened at $38.23 on Monday. The business’s fifty day moving average price is $37.98 and its 200 day moving average price is $36.80. The firm has a market capitalization of $275.26 million, a PE ratio of 20.13 and a beta of 0.87. Fidelity U.S. Multifactor ETF has a 1-year low of $28.97 and a 1-year high of $38.74.

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.