Advisory Services Network LLC Boosts Stock Holdings in Fidelity U.S. Multifactor ETF $FLRG

Advisory Services Network LLC boosted its position in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) by 20.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,929 shares of the company’s stock after purchasing an additional 39,036 shares during the period. Advisory Services Network LLC’s holdings in Fidelity U.S. Multifactor ETF were worth $8,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in FLRG. Beacon Capital Management LLC raised its stake in shares of Fidelity U.S. Multifactor ETF by 185.5% during 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. Clarity Asset Management Inc. purchased a new stake in shares of Fidelity U.S. Multifactor ETF in the second quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. acquired a new position in Fidelity U.S. Multifactor ETF during the second quarter worth $180,000. Dentgroup LLC purchased a new position in Fidelity U.S. Multifactor ETF in the second quarter worth $221,000. Finally, Williams & Novak LLC purchased a new position in Fidelity U.S. Multifactor ETF in the second quarter worth $224,000.

Fidelity U.S. Multifactor ETF Stock Performance

Shares of NYSEARCA FLRG opened at $38.35 on Monday. Fidelity U.S. Multifactor ETF has a one year low of $28.97 and a one year high of $38.74. The firm has a market capitalization of $276.12 million, a P/E ratio of 20.13 and a beta of 0.87. The company’s fifty day moving average is $37.96 and its two-hundred day moving average is $37.05.

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.