West Branch Capital LLC Invests $93,000 in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG)

West Branch Capital LLC purchased a new stake in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) in the 4th quarter, Holdings Channel reports. The fund purchased 2,760 shares of the company’s stock, valued at approximately $93,000.

A number of other institutional investors have also recently modified their holdings of the business. Cetera Investment Advisers grew its position in Fidelity U.S. Multifactor ETF by 1.2% during the second quarter. Cetera Investment Advisers now owns 51,282 shares of the company’s stock worth $1,619,000 after buying an additional 632 shares during the period. Centennial Wealth Advisory LLC purchased a new stake in shares of Fidelity U.S. Multifactor ETF during the 3rd quarter worth approximately $2,342,000. FMR LLC grew its holdings in shares of Fidelity U.S. Multifactor ETF by 283.2% in the 3rd 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, JPMorgan Chase & Co. purchased a new position in Fidelity U.S. Multifactor ETF in the 3rd quarter valued at approximately $46,000.

Fidelity U.S. Multifactor ETF Stock Performance

FLRG opened at $35.39 on Wednesday. The company has a market cap of $123.87 million, a price-to-earnings ratio of 17.98 and a beta of 0.88. Fidelity U.S. Multifactor ETF has a one year low of $28.40 and a one year high of $35.74. The business’s fifty day moving average is $34.78 and its two-hundred day moving average is $33.73.

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.