Fidelity U.S. Multifactor ETF $FLRG Shares Purchased by Beacon Capital Management LLC

Beacon Capital Management LLC increased its stake in shares of Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) by 185.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,205 shares of the company’s stock after acquiring an additional 783 shares during the quarter. Beacon Capital Management LLC’s holdings in Fidelity U.S. Multifactor ETF were worth $43,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FLRG. Wealth Enhancement Advisory Services LLC acquired a new stake in Fidelity U.S. Multifactor ETF during the 4th quarter worth $7,602,000. AE Wealth Management LLC raised its stake in Fidelity U.S. Multifactor ETF by 15.0% during the 1st quarter. AE Wealth Management LLC now owns 1,319,340 shares of the company’s stock worth $43,752,000 after acquiring an additional 172,354 shares in the last quarter. Goldman Sachs Group Inc. grew its position in 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. World Investment Advisors increased its stake in Fidelity U.S. Multifactor ETF by 53.8% in the first quarter. World Investment Advisors now owns 31,525 shares of the company’s stock valued at $1,045,000 after purchasing an additional 11,025 shares during the period. Finally, Sowell Financial Services LLC acquired a new position in Fidelity U.S. Multifactor ETF in the first quarter valued at $208,000.

Fidelity U.S. Multifactor ETF Stock Performance

NYSEARCA FLRG opened at $38.36 on Monday. The firm has a market cap of $257.01 million, a PE ratio of 20.13 and a beta of 0.87. Fidelity U.S. Multifactor ETF has a one year low of $28.97 and a one year high of $38.43. The firm’s fifty day moving average is $37.17 and its two-hundred day moving average is $35.07.

Fidelity U.S. Multifactor ETF Company 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.