AE Wealth Management LLC Increases Holdings in Fidelity U.S. Multifactor ETF $FLRG

AE Wealth Management LLC lifted its holdings in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,942,395 shares of the company’s stock after purchasing an additional 152,865 shares during the quarter. AE Wealth Management LLC owned 26.98% of Fidelity U.S. Multifactor ETF worth $73,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLRG. Goldman Sachs Group Inc. lifted its holdings in shares of Fidelity U.S. Multifactor ETF by 272.6% during the first quarter. Goldman Sachs Group Inc. now owns 48,565 shares of the company’s stock valued at $1,611,000 after purchasing an additional 35,532 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity U.S. Multifactor ETF by 319.0% during the second quarter. JPMorgan Chase & Co. now owns 20,672 shares of the company’s stock valued at $743,000 after purchasing an additional 15,738 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Fidelity U.S. Multifactor ETF during the second quarter valued at $180,000. Raymond James Financial Inc. bought a new position in shares of Fidelity U.S. Multifactor ETF during the second quarter valued at $307,000. Finally, High Falls Advisors Inc purchased a new stake in Fidelity U.S. Multifactor ETF during the second quarter valued at $235,000.

Fidelity U.S. Multifactor ETF Stock Performance

Fidelity U.S. Multifactor ETF stock opened at $39.03 on Friday. The stock has a market cap of $277.11 million, a PE ratio of 20.13 and a beta of 0.87. Fidelity U.S. Multifactor ETF has a one year low of $30.46 and a one year high of $39.09. The stock has a fifty day moving average of $37.80 and a 200 day moving average of $38.03.

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.