Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG – Free Report) by 921.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 51,096 shares of the company’s stock after acquiring an additional 46,096 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity U.S. Multifactor ETF were worth $1,939,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. High Point Wealth Management LLC bought a new position in shares of Fidelity U.S. Multifactor ETF during the 4th quarter worth about $235,000. High Falls Advisors Inc bought a new position in Fidelity U.S. Multifactor ETF in the 2nd quarter valued at about $235,000. Savvy Advisors Inc. bought a new position in Fidelity U.S. Multifactor ETF in the 3rd quarter valued at about $255,000. Kestra Private Wealth Services LLC bought a new position in Fidelity U.S. Multifactor ETF in the 3rd quarter valued at about $258,000. Finally, Mutual Advisors LLC bought a new position in Fidelity U.S. Multifactor ETF in the 3rd quarter valued at about $299,000.
Fidelity U.S. Multifactor ETF Stock Performance
Shares of NYSEARCA FLRG opened at $41.05 on Wednesday. Fidelity U.S. Multifactor ETF has a fifty-two week low of $34.60 and a fifty-two week high of $41.11. The stock has a market cap of $291.46 million, a price-to-earnings ratio of 20.13 and a beta of 0.86. The firm’s 50-day simple moving average is $38.83 and its 200 day simple moving average is $38.39.
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.
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