Principal Securities Inc. Grows Stock Position in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG)

Principal Securities Inc. grew its holdings in shares of Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) by 83.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,874 shares of the company’s stock after acquiring an additional 853 shares during the period. Principal Securities Inc.’s holdings in Fidelity U.S. Multifactor ETF were worth $63,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Centennial Wealth Advisory LLC raised its holdings in shares of Fidelity U.S. Multifactor ETF by 0.6% during the fourth 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 during the period. JPMorgan Chase & Co. acquired a new position in shares of Fidelity U.S. Multifactor ETF in the 3rd quarter valued at about $46,000. West Branch Capital LLC bought a new stake in shares of Fidelity U.S. Multifactor ETF during the 4th quarter valued at about $93,000. FMR LLC raised its stake in Fidelity U.S. Multifactor ETF by 283.2% during the third quarter. FMR LLC now owns 4,595 shares of the company’s stock worth $156,000 after acquiring an additional 3,396 shares during the period. Finally, Sovran Advisors LLC acquired a new stake in Fidelity U.S. Multifactor ETF during the fourth quarter worth about $663,000.

Fidelity U.S. Multifactor ETF Stock Down 1.2 %

Shares of FLRG stock opened at $34.23 on Friday. The company has a market cap of $119.81 million, a P/E ratio of 17.98 and a beta of 0.88. The business has a 50 day moving average of $34.85 and a two-hundred day moving average of $34.31. Fidelity U.S. Multifactor ETF has a 52 week low of $28.68 and a 52 week high of $35.85.

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.