High Probability Advisors LLC Boosts Stock Position in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

High Probability Advisors LLC raised its stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 273,237 shares of the company’s stock after purchasing an additional 4,563 shares during the quarter. Fidelity Quality Factor ETF accounts for 3.2% of High Probability Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. High Probability Advisors LLC owned about 1.76% of Fidelity Quality Factor ETF worth $17,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Rehmann Capital Advisory Group acquired a new position in Fidelity Quality Factor ETF in the 3rd quarter valued at $209,000. Beaumont Financial Advisors LLC acquired a new position in shares of Fidelity Quality Factor ETF during the third quarter worth about $255,000. Sigma Planning Corp increased its stake in shares of Fidelity Quality Factor ETF by 31.2% during the third quarter. Sigma Planning Corp now owns 5,324 shares of the company’s stock worth $346,000 after acquiring an additional 1,266 shares during the period. Valmark Advisers Inc. purchased a new position in Fidelity Quality Factor ETF during the third quarter worth about $411,000. Finally, Colony Family Offices LLC lifted its position in Fidelity Quality Factor ETF by 102.4% in the third quarter. Colony Family Offices LLC now owns 7,263 shares of the company’s stock valued at $471,000 after purchasing an additional 3,675 shares during the period.

Fidelity Quality Factor ETF Trading Up 0.5 %

Shares of FQAL opened at $67.94 on Friday. The firm has a market capitalization of $1.06 billion, a PE ratio of 20.41 and a beta of 0.95. The stock’s 50 day moving average is $66.78 and its two-hundred day moving average is $64.74. Fidelity Quality Factor ETF has a twelve month low of $54.69 and a twelve month high of $68.61.

Fidelity Quality Factor ETF Profile

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.