Cetera Investment Advisers Reduces Holdings in Fidelity U.S. Multifactor ETF $FLRG

Cetera Investment Advisers reduced its holdings in shares of Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) by 74.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,686 shares of the company’s stock after selling 31,944 shares during the period. Cetera Investment Advisers’ holdings in Fidelity U.S. Multifactor ETF were worth $393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FLRG. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Fidelity U.S. Multifactor ETF during the 2nd quarter valued at $180,000. RFG Advisory LLC purchased a new position in Fidelity U.S. Multifactor ETF during the first quarter valued at $202,000. High Point Wealth Management LLC bought a new stake in Fidelity U.S. Multifactor ETF during the fourth quarter valued at about $235,000. High Falls Advisors Inc purchased a new stake in Fidelity U.S. Multifactor ETF in the second quarter worth about $235,000. Finally, Kestra Private Wealth Services LLC bought a new position in shares of Fidelity U.S. Multifactor ETF in the third quarter worth about $258,000.

Fidelity U.S. Multifactor ETF Stock Down 0.6%

FLRG stock opened at $42.36 on Friday. Fidelity U.S. Multifactor ETF has a twelve month low of $35.94 and a twelve month high of $43.05. The stock has a market cap of $296.52 million, a P/E ratio of 20.13 and a beta of 0.85. The business’s 50-day moving average price is $41.39 and its 200-day moving average price is $39.77.

Fidelity U.S. Multifactor ETF 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.