Biondo Investment Advisors LLC Sells 673 Shares of Fidelity Quality Factor ETF $FQAL

Biondo Investment Advisors LLC lessened its position in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,028 shares of the company’s stock after selling 673 shares during the quarter. Biondo Investment Advisors LLC owned 0.16% of Fidelity Quality Factor ETF worth $1,606,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FQAL. Wells Fargo & Company MN lifted its holdings in shares of Fidelity Quality Factor ETF by 2,596.6% in the 4th quarter. Wells Fargo & Company MN now owns 782 shares of the company’s stock worth $51,000 after acquiring an additional 753 shares during the last quarter. Bank of Montreal Can lifted its holdings in Fidelity Quality Factor ETF by 366.7% during the 4th quarter. Bank of Montreal Can now owns 1,400 shares of the company’s stock valued at $92,000 after buying an additional 1,100 shares in the last quarter. Mariner LLC lifted its holdings in Fidelity Quality Factor ETF by 1.7% during the 4th quarter. Mariner LLC now owns 15,671 shares of the company’s stock valued at $1,025,000 after buying an additional 258 shares in the last quarter. First Trust Advisors LP bought a new stake in Fidelity Quality Factor ETF during the 4th quarter valued at about $1,025,000. Finally, Jane Street Group LLC bought a new stake in Fidelity Quality Factor ETF during the 4th quarter valued at about $685,000.

Fidelity Quality Factor ETF Price Performance

Shares of FQAL opened at $72.68 on Friday. Fidelity Quality Factor ETF has a 1-year low of $56.05 and a 1-year high of $72.87. The company has a 50-day moving average of $70.39 and a 200 day moving average of $67.02. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 25.46 and a beta of 0.98.

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.