Raymond James Financial Services Advisors Inc. Invests $247,000 in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Raymond James Financial Services Advisors Inc. acquired a new position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,545 shares of the company’s stock, valued at approximately $247,000. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of Fidelity Quality Factor ETF at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tranquility Partners LLC acquired a new stake in Fidelity Quality Factor ETF in the third quarter valued at approximately $248,000. Envestnet Portfolio Solutions Inc. bought a new stake in Fidelity Quality Factor ETF in the third quarter worth $297,000. Prime Capital Investment Advisors LLC acquired a new position in Fidelity Quality Factor ETF during the third quarter worth $344,000. First Citizens Bank & Trust Co. bought a new position in Fidelity Quality Factor ETF during the third quarter valued at about $416,000. Finally, GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in shares of Fidelity Quality Factor ETF in the third quarter worth about $568,000.

Fidelity Quality Factor ETF Stock Performance

Shares of NYSEARCA FQAL opened at $56.71 on Wednesday. The business’s 50-day simple moving average is $57.45 and its 200-day simple moving average is $54.32. Fidelity Quality Factor ETF has a 52 week low of $46.43 and a 52 week high of $59.01. The firm has a market cap of $850.65 million, a price-to-earnings ratio of 20.94 and a beta of 0.95.

About Fidelity Quality Factor ETF

The Fidelity Quality Factor ETF (FQAL) is an exchange-traded fund that is based on the Fidelity U.S. Quality Factor index. The fund tracks an index of fundamentally- selected large and mid- cap US companies that are weighted according to a tiered scheme. FQAL was launched on Sep 12, 2016 and is managed by Fidelity.