Western Wealth Management LLC Purchases Shares of 72,037 Fidelity U.S. Multifactor ETF $FLRG

Western Wealth Management LLC acquired a new stake in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) during the 1st quarter, Holdings Channel reports. The firm acquired 72,037 shares of the company’s stock, valued at approximately $2,650,000.

Other hedge funds have also recently made changes to their positions in the company. Sovran Advisors LLC boosted its stake in shares of Fidelity U.S. Multifactor ETF by 3.5% in the first quarter. Sovran Advisors LLC now owns 26,846 shares of the company’s stock worth $1,069,000 after acquiring an additional 909 shares during the period. Williams & Novak LLC raised its stake in Fidelity U.S. Multifactor ETF by 14.5% during the 4th quarter. Williams & Novak LLC now owns 9,299 shares of the company’s stock valued at $353,000 after purchasing an additional 1,181 shares during the period. Cetera Investment Advisers raised its stake in Fidelity U.S. Multifactor ETF by 4.3% during the 4th quarter. Cetera Investment Advisers now owns 42,630 shares of the company’s stock valued at $1,618,000 after purchasing an additional 1,771 shares during the period. Principal Securities Inc. lifted its holdings in Fidelity U.S. Multifactor ETF by 5.7% in the 4th quarter. Principal Securities Inc. now owns 49,788 shares of the company’s stock worth $1,889,000 after purchasing an additional 2,681 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in Fidelity U.S. Multifactor ETF by 5.6% in the 4th quarter. Osaic Holdings Inc. now owns 52,916 shares of the company’s stock worth $2,008,000 after purchasing an additional 2,798 shares in the last quarter.

Fidelity U.S. Multifactor ETF Price Performance

FLRG stock opened at $41.56 on Friday. Fidelity U.S. Multifactor ETF has a 1-year low of $35.73 and a 1-year high of $41.56. The business has a 50 day simple moving average of $40.89 and a two-hundred day simple moving average of $39.34. The company has a market capitalization of $290.92 million, a price-to-earnings ratio of 20.13 and a beta of 0.85.

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.