Berman McAleer LLC Has $11.88 Million Stock Holdings in Fidelity U.S. Multifactor ETF $FLRG

Berman McAleer LLC grew its stake in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) by 10.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,951 shares of the company’s stock after acquiring an additional 31,593 shares during the period. Fidelity U.S. Multifactor ETF accounts for approximately 1.6% of Berman McAleer LLC’s holdings, making the stock its 16th largest position. Berman McAleer LLC’s holdings in Fidelity U.S. Multifactor ETF were worth $11,881,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AE Wealth Management LLC raised its holdings in Fidelity U.S. Multifactor ETF by 8.5% during the fourth quarter. AE Wealth Management LLC now owns 1,942,395 shares of the company’s stock worth $73,714,000 after acquiring an additional 152,865 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Fidelity U.S. Multifactor ETF by 921.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 51,096 shares of the company’s stock valued at $1,939,000 after purchasing an additional 46,096 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Fidelity U.S. Multifactor ETF during the 3rd quarter worth approximately $1,535,000. Goldman Sachs Group Inc. increased its position in shares of Fidelity U.S. Multifactor ETF by 272.6% during the 1st 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. Finally, Citadel Advisors LLC raised its stake in shares of Fidelity U.S. Multifactor ETF by 311.8% during the 3rd quarter. Citadel Advisors LLC now owns 32,388 shares of the company’s stock worth $1,245,000 after purchasing an additional 24,523 shares in the last quarter.

Fidelity U.S. Multifactor ETF Trading Down 0.8%

NYSEARCA FLRG opened at $40.30 on Wednesday. The company has a market cap of $286.13 million, a PE ratio of 20.13 and a beta of 0.86. Fidelity U.S. Multifactor ETF has a 12 month low of $35.19 and a 12 month high of $41.50. The stock has a 50 day moving average of $40.30 and a 200-day moving average of $38.83.

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.