Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) Stock Holdings Raised by Principal Securities Inc.

Principal Securities Inc. grew its stake in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) by 83.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,874 shares of the company’s stock after purchasing an additional 853 shares during the quarter. Principal Securities Inc. owned approximately 0.05% of Fidelity U.S. Multifactor ETF worth $63,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in Fidelity U.S. Multifactor ETF during the third quarter worth $46,000. West Branch Capital LLC bought a new position in shares of Fidelity U.S. Multifactor ETF in the 4th quarter worth about $93,000. FMR LLC lifted its position in shares of Fidelity U.S. Multifactor ETF by 283.2% in the 3rd quarter. FMR LLC now owns 4,595 shares of the company’s stock worth $156,000 after buying an additional 3,396 shares during the last quarter. Sovran Advisors LLC acquired a new position in shares of Fidelity U.S. Multifactor ETF in the 4th quarter valued at about $663,000. Finally, Centennial Wealth Advisory LLC bought a new stake in shares of Fidelity U.S. Multifactor ETF during the 3rd quarter valued at about $2,342,000.

Fidelity U.S. Multifactor ETF Stock Down 1.2 %

FLRG opened at $34.23 on Friday. The company’s 50-day moving average price is $34.85 and its 200 day moving average price is $34.31. Fidelity U.S. Multifactor ETF has a fifty-two week low of $28.68 and a fifty-two week high of $35.85. The firm has a market cap of $119.81 million, a price-to-earnings ratio of 17.98 and a beta of 0.88.

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.