Western Wealth Management LLC acquired a new position in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 72,037 shares of the company’s stock, valued at approximately $2,650,000. Western Wealth Management LLC owned 1.01% of Fidelity U.S. Multifactor ETF as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in FLRG. Northwestern Mutual Wealth Management Co. bought a new position in shares of Fidelity U.S. Multifactor ETF during the 2nd quarter valued at approximately $180,000. RFG Advisory LLC purchased a new stake in Fidelity U.S. Multifactor ETF in the 1st quarter worth approximately $202,000. High Point Wealth Management LLC bought a new stake in Fidelity U.S. Multifactor ETF during the 4th quarter worth approximately $235,000. High Falls Advisors Inc bought a new stake in Fidelity U.S. Multifactor ETF during the 2nd quarter worth approximately $235,000. Finally, Kestra Private Wealth Services LLC bought a new stake in Fidelity U.S. Multifactor ETF during the 3rd quarter worth approximately $258,000.
Fidelity U.S. Multifactor ETF Price Performance
Shares of NYSEARCA:FLRG opened at $41.56 on Friday. The company has a market capitalization of $290.92 million, a P/E ratio of 20.13 and a beta of 0.85. Fidelity U.S. Multifactor ETF has a 1-year low of $35.73 and a 1-year high of $41.56. The firm’s 50 day simple moving average is $40.89 and its two-hundred day simple moving average is $39.34.
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.
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