Beacon Financial Group Acquires 651 Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Beacon Financial Group raised its stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 186,025 shares of the company’s stock after buying an additional 651 shares during the quarter. Fidelity Quality Factor ETF comprises approximately 1.3% of Beacon Financial Group’s investment portfolio, making the stock its 14th biggest holding. Beacon Financial Group owned 1.20% of Fidelity Quality Factor ETF worth $12,172,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. OmniStar Financial Group Inc. lifted its holdings in shares of Fidelity Quality Factor ETF by 12.4% in the third quarter. OmniStar Financial Group Inc. now owns 20,964 shares of the company’s stock valued at $1,365,000 after purchasing an additional 2,312 shares in the last quarter. Allworth Financial LP raised its position in Fidelity Quality Factor ETF by 0.7% in the 3rd quarter. Allworth Financial LP now owns 37,603 shares of the company’s stock valued at $2,440,000 after buying an additional 250 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Fidelity Quality Factor ETF by 150.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 33,157 shares of the company’s stock valued at $2,152,000 after acquiring an additional 19,927 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in Fidelity Quality Factor ETF by 92.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,760 shares of the company’s stock worth $828,000 after acquiring an additional 6,145 shares during the last quarter. Finally, Valmark Advisers Inc. bought a new position in shares of Fidelity Quality Factor ETF during the 3rd quarter worth approximately $411,000.

Fidelity Quality Factor ETF Stock Up 0.4 %

NYSEARCA FQAL opened at $68.41 on Wednesday. Fidelity Quality Factor ETF has a 12-month low of $55.13 and a 12-month high of $68.61. The firm’s 50 day moving average is $66.92 and its 200-day moving average is $65.25. The company has a market capitalization of $1.06 billion, a PE ratio of 20.41 and a beta of 0.95.

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.