JPMorgan Chase & Co. Takes $46,000 Position in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG)

JPMorgan Chase & Co. acquired a new position in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,347 shares of the company’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FLRG. FMR LLC boosted its holdings in shares of Fidelity U.S. Multifactor ETF by 283.2% during the third quarter. FMR LLC now owns 4,595 shares of the company’s stock worth $156,000 after purchasing an additional 3,396 shares during the period. Centennial Wealth Advisory LLC bought a new stake in shares of Fidelity U.S. Multifactor ETF in the 3rd quarter worth approximately $2,342,000. Finally, Cetera Investment Advisers increased its stake in shares of Fidelity U.S. Multifactor ETF by 1.2% during the second quarter. Cetera Investment Advisers now owns 51,282 shares of the company’s stock valued at $1,619,000 after buying an additional 632 shares during the period.

Fidelity U.S. Multifactor ETF Stock Performance

Fidelity U.S. Multifactor ETF stock opened at $35.21 on Wednesday. Fidelity U.S. Multifactor ETF has a fifty-two week low of $28.41 and a fifty-two week high of $35.85. The stock has a market cap of $123.24 million, a price-to-earnings ratio of 17.98 and a beta of 0.88. The stock’s 50 day simple moving average is $34.84 and its two-hundred day simple moving average is $33.91.

Fidelity U.S. Multifactor ETF 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.