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

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

Several other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in 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 worth $1,611,000 after purchasing an additional 35,532 shares during the last quarter. Dentgroup LLC purchased a new position in shares of Fidelity U.S. Multifactor ETF in the second quarter valued at $221,000. Sovran Advisors LLC raised its stake in shares of Fidelity U.S. Multifactor ETF by 11.8% during the 2nd quarter. Sovran Advisors LLC now owns 21,852 shares of the company’s stock worth $783,000 after buying an additional 2,314 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Fidelity U.S. Multifactor ETF by 2.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 250,142 shares of the company’s stock worth $9,053,000 after buying an additional 6,903 shares during the last quarter. Finally, Beacon Capital Management LLC boosted its position in shares of Fidelity U.S. Multifactor ETF by 185.5% in the 2nd quarter. Beacon Capital Management LLC now owns 1,205 shares of the company’s stock worth $43,000 after buying an additional 783 shares in the last quarter.

Fidelity U.S. Multifactor ETF Trading Up 0.2%

Shares of NYSEARCA FLRG opened at $38.23 on Monday. The company’s 50-day moving average price is $37.98 and its 200 day moving average price is $36.80. Fidelity U.S. Multifactor ETF has a 52 week low of $28.97 and a 52 week high of $38.74. The stock has a market cap of $275.26 million, a price-to-earnings ratio of 20.13 and a beta of 0.87.

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.