Cetera Investment Advisers Boosts Position in Fidelity Quality Factor ETF $FQAL

Cetera Investment Advisers lifted its position in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,368 shares of the company’s stock after purchasing an additional 7,016 shares during the quarter. Cetera Investment Advisers owned about 0.77% of Fidelity Quality Factor ETF worth $8,033,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in Fidelity Quality Factor ETF by 0.4% in the 2nd quarter. Allworth Financial LP now owns 38,316 shares of the company’s stock valued at $2,668,000 after purchasing an additional 141 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Fidelity Quality Factor ETF by 6.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the company’s stock valued at $178,000 after buying an additional 158 shares during the period. IFP Advisors Inc lifted its holdings in Fidelity Quality Factor ETF by 26.6% in the second quarter. IFP Advisors Inc now owns 923 shares of the company’s stock valued at $64,000 after acquiring an additional 194 shares during the last quarter. Bank of Montreal Can grew its position in Fidelity Quality Factor ETF by 6.0% in the second quarter. Bank of Montreal Can now owns 3,764 shares of the company’s stock worth $262,000 after acquiring an additional 214 shares during the period. Finally, OmniStar Financial Group Inc. increased its stake in Fidelity Quality Factor ETF by 1.2% during the second quarter. OmniStar Financial Group Inc. now owns 25,134 shares of the company’s stock worth $1,750,000 after acquiring an additional 307 shares during the last quarter.

Fidelity Quality Factor ETF Stock Up 1.4%

NYSEARCA:FQAL opened at $73.60 on Friday. Fidelity Quality Factor ETF has a 52 week low of $56.05 and a 52 week high of $76.32. The stock’s fifty day moving average is $74.49 and its two-hundred day moving average is $71.40. The company has a market capitalization of $1.12 billion, a P/E ratio of 25.46 and a beta of 0.97.

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.