Sovran Advisors LLC acquired a new position in Fidelity Quality Factor ETF (NYSEARCA:FQAL – Free Report) during the 1st quarter, Holdings Channel reports. The fund acquired 14,518 shares of the company’s stock, valued at approximately $1,137,000.
Several other institutional investors and hedge funds have also made changes to their positions in FQAL. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity Quality Factor ETF by 6,154.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,624,514 shares of the company’s stock valued at $122,797,000 after acquiring an additional 1,598,541 shares in the last quarter. JPMorgan Chase & Co. raised its position in Fidelity Quality Factor ETF by 7.6% during the third quarter. JPMorgan Chase & Co. now owns 246,288 shares of the company’s stock worth $18,403,000 after acquiring an additional 17,304 shares during the last quarter. CRA Financial Services LLC purchased a new stake in shares of Fidelity Quality Factor ETF in the fourth quarter valued at about $620,000. Sunbelt Securities Inc. lifted its holdings in shares of Fidelity Quality Factor ETF by 8.4% in the third quarter. Sunbelt Securities Inc. now owns 108,252 shares of the company’s stock valued at $8,089,000 after purchasing an additional 8,397 shares in the last quarter. Finally, Fullerton Advisors LLC acquired a new stake in shares of Fidelity Quality Factor ETF in the fourth quarter valued at approximately $3,335,000.
Fidelity Quality Factor ETF Price Performance
FQAL stock opened at $82.36 on Monday. The company’s 50 day simple moving average is $80.46 and its 200-day simple moving average is $77.49. Fidelity Quality Factor ETF has a 12 month low of $69.45 and a 12 month high of $82.36. The firm has a market capitalization of $1.42 billion, a PE ratio of 25.46 and a beta of 0.94.
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.
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