Berman McAleer LLC Invests $10.65 Million in Fidelity U.S. Multifactor ETF $FLRG

Berman McAleer LLC acquired a new stake in shares of Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 276,840 shares of the company’s stock, valued at approximately $10,645,000. Fidelity U.S. Multifactor ETF makes up about 1.5% of Berman McAleer LLC’s investment portfolio, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AE Wealth Management LLC grew its holdings in shares of Fidelity U.S. Multifactor ETF by 16.8% during the 3rd quarter. AE Wealth Management LLC now owns 1,789,530 shares of the company’s stock valued at $68,807,000 after acquiring an additional 258,031 shares in the last quarter. Advisory Services Network LLC grew its stake in Fidelity U.S. Multifactor ETF by 20.0% in the second quarter. Advisory Services Network LLC now owns 233,929 shares of the company’s stock valued at $8,482,000 after purchasing an additional 39,036 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Fidelity U.S. Multifactor ETF by 319.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,672 shares of the company’s stock worth $743,000 after purchasing an additional 15,738 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Fidelity U.S. Multifactor ETF by 37.0% during the 2nd quarter. Osaic Holdings Inc. now owns 44,325 shares of the company’s stock valued at $1,593,000 after buying an additional 11,978 shares during the last quarter.

Fidelity U.S. Multifactor ETF Stock Performance

NYSEARCA:FLRG opened at $38.65 on Friday. The company has a market capitalization of $278.28 million, a P/E ratio of 20.13 and a beta of 0.87. The stock’s 50 day moving average price is $38.30 and its 200 day moving average price is $37.74. Fidelity U.S. Multifactor ETF has a 52 week low of $28.97 and a 52 week high of $38.97.

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.