Kovack Advisors Inc. Has $10.25 Million Stock Holdings in Fidelity Fundamental Large Cap Core ETF (BATS:FFLC)

Kovack Advisors Inc. boosted its stake in Fidelity Fundamental Large Cap Core ETF (BATS:FFLC) by 68.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,275 shares of the company’s stock after purchasing an additional 91,103 shares during the period. Fidelity Fundamental Large Cap Core ETF comprises about 1.0% of Kovack Advisors Inc.’s holdings, making the stock its 15th largest holding. Kovack Advisors Inc. owned about 3.25% of Fidelity Fundamental Large Cap Core ETF worth $10,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Fidelity Fundamental Large Cap Core ETF in the 3rd quarter valued at approximately $2,868,000. Atria Investments Inc bought a new position in Fidelity Fundamental Large Cap Core ETF in the 3rd quarter valued at approximately $730,000. Sigma Planning Corp bought a new position in Fidelity Fundamental Large Cap Core ETF in the 3rd quarter valued at approximately $540,000. New Covenant Trust Company N.A. bought a new position in shares of Fidelity Fundamental Large Cap Core ETF during the third quarter valued at $1,610,000. Finally, J.W. Cole Advisors Inc. raised its stake in shares of Fidelity Fundamental Large Cap Core ETF by 8.5% during the fourth quarter. J.W. Cole Advisors Inc. now owns 6,782 shares of the company’s stock valued at $311,000 after acquiring an additional 534 shares during the last quarter.

Fidelity Fundamental Large Cap Core ETF Price Performance

FFLC stock opened at $46.29 on Thursday. The company’s 50-day simple moving average is $46.96 and its two-hundred day simple moving average is $46.20. The company has a market capitalization of $758.23 million, a P/E ratio of 25.80 and a beta of 0.92.

About Fidelity Fundamental Large Cap Core ETF

The Fidelity Fundamental Large Cap Core ETF (FFLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed core portfolio of large-cap stocks from US and foreign issuers. Stocks are selected based on fundamental factors. FFLC was launched on Jun 3, 2020 and is issued by Fidelity.