Sovran Advisors LLC Invests $663,000 in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG)

Sovran Advisors LLC bought a new stake in shares of Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 19,409 shares of the company’s stock, valued at approximately $663,000. Sovran Advisors LLC owned 0.55% of Fidelity U.S. Multifactor ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Centennial Wealth Advisory LLC boosted its position in shares of Fidelity U.S. Multifactor ETF by 0.6% during the 4th quarter. Centennial Wealth Advisory LLC now owns 69,595 shares of the company’s stock worth $2,353,000 after purchasing an additional 427 shares in the last quarter. Cetera Investment Advisers grew its stake in Fidelity U.S. Multifactor ETF by 1.2% in the second quarter. Cetera Investment Advisers now owns 51,282 shares of the company’s stock valued at $1,619,000 after acquiring an additional 632 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Fidelity U.S. Multifactor ETF during the third quarter valued at approximately $46,000. West Branch Capital LLC acquired a new position in shares of Fidelity U.S. Multifactor ETF during the fourth quarter worth approximately $93,000. Finally, FMR LLC lifted its holdings 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 purchasing an additional 3,396 shares in the last quarter.

Fidelity U.S. Multifactor ETF Trading Down 0.3 %

Shares of FLRG stock opened at $35.43 on Wednesday. The firm has a fifty day simple moving average of $34.83 and a two-hundred day simple moving average of $34.03. Fidelity U.S. Multifactor ETF has a 12 month low of $28.41 and a 12 month high of $35.85. The firm has a market capitalization of $124.01 million, a PE ratio of 17.98 and a beta of 0.88.

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.