Madden Advisory Services Inc. Increases Stock Position in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Posted by Patrick Bannon on Nov 5th, 2024

Madden Advisory Services Inc. boosted its position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL – Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,379 shares of the company’s stock after buying an additional 2,225 shares during the quarter. Madden Advisory Services Inc. owned approximately 0.16% of Fidelity Quality Factor ETF worth $1,647,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FQAL. Cullen Frost Bankers Inc. purchased a new position in shares of Fidelity Quality Factor ETF in the 2nd quarter valued at about $26,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Fidelity Quality Factor ETF in the first quarter valued at approximately $202,000. Hurlow Wealth Management Group Inc. purchased a new stake in shares of Fidelity Quality Factor ETF in the second quarter valued at approximately $214,000. Beaumont Financial Advisors LLC acquired a new position in shares of Fidelity Quality Factor ETF during the 3rd quarter worth approximately $255,000. Finally, Valmark Advisers Inc. purchased a new position in shares of Fidelity Quality Factor ETF during the 3rd quarter valued at approximately $411,000.

Fidelity Quality Factor ETF Stock Performance

Fidelity Quality Factor ETF stock opened at $64.61 on Tuesday. The stock has a market capitalization of $1.00 billion, a P/E ratio of 20.41 and a beta of 0.95. The company’s fifty day moving average price is $64.45 and its 200 day moving average price is $61.80. Fidelity Quality Factor ETF has a 1 year low of $49.84 and a 1 year high of $66.58.

Fidelity Quality Factor ETF Company Profile

(Free Report)

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.