Kestra Investment Management LLC Makes New $125,000 Investment in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Kestra Investment Management LLC acquired a new stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,915 shares of the company’s stock, valued at approximately $125,000.

Several other institutional investors and hedge funds have also made changes to their positions in FQAL. Allworth Financial LP raised its stake 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 purchasing an additional 250 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Fidelity Quality Factor ETF by 150.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 33,157 shares of the company’s stock worth $2,152,000 after buying an additional 19,927 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Fidelity Quality Factor ETF by 92.9% in the third quarter. J.W. Cole Advisors Inc. now owns 12,760 shares of the company’s stock valued at $828,000 after buying an additional 6,145 shares during the last quarter. Valmark Advisers Inc. purchased a new position in shares of Fidelity Quality Factor ETF during the third quarter valued at approximately $411,000. Finally, First Trust Direct Indexing L.P. boosted its position in Fidelity Quality Factor ETF by 11.2% during the third quarter. First Trust Direct Indexing L.P. now owns 12,801 shares of the company’s stock worth $831,000 after acquiring an additional 1,294 shares during the last quarter.

Fidelity Quality Factor ETF Stock Performance

FQAL stock opened at $68.96 on Friday. The company has a 50 day moving average price of $67.01 and a two-hundred day moving average price of $65.60. The stock has a market capitalization of $1.07 billion, a P/E ratio of 20.41 and a beta of 0.95. Fidelity Quality Factor ETF has a one year low of $55.40 and a one year high of $69.23.

Fidelity Quality Factor ETF Company 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.