Beacon Capital Management LLC Grows Stock Holdings in Fidelity U.S. Multifactor ETF $FLRG

Beacon Capital Management LLC increased its stake in shares of Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) by 185.5% during the second quarter, Holdings Channel reports. The institutional investor owned 1,205 shares of the company’s stock after acquiring an additional 783 shares during the period. Beacon Capital Management LLC’s holdings in Fidelity U.S. Multifactor ETF were worth $43,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. AE Wealth Management LLC boosted its holdings in Fidelity U.S. Multifactor ETF by 15.0% during the first quarter. AE Wealth Management LLC now owns 1,319,340 shares of the company’s stock worth $43,752,000 after buying an additional 172,354 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Fidelity U.S. Multifactor ETF by 2.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 250,142 shares of the company’s stock valued at $9,053,000 after purchasing an additional 6,903 shares in the last quarter. Centennial Wealth Advisory LLC lifted its holdings in shares of Fidelity U.S. Multifactor ETF by 7.1% in the first quarter. Centennial Wealth Advisory LLC now owns 74,512 shares of the company’s stock valued at $2,471,000 after purchasing an additional 4,917 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Fidelity U.S. Multifactor ETF by 272.6% in the first quarter. Goldman Sachs Group Inc. now owns 48,565 shares of the company’s stock valued at $1,611,000 after purchasing an additional 35,532 shares in the last quarter. Finally, World Investment Advisors lifted its holdings in shares of Fidelity U.S. Multifactor ETF by 53.8% in the first quarter. World Investment Advisors now owns 31,525 shares of the company’s stock valued at $1,045,000 after purchasing an additional 11,025 shares in the last quarter.

Fidelity U.S. Multifactor ETF Price Performance

Shares of NYSEARCA FLRG opened at $38.36 on Monday. Fidelity U.S. Multifactor ETF has a 12-month low of $28.97 and a 12-month high of $38.43. The company has a market capitalization of $257.01 million, a PE ratio of 20.13 and a beta of 0.87. The firm’s 50-day moving average is $37.17 and its two-hundred day moving average is $35.07.

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.