Kestra Private Wealth Services LLC increased its holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL – Free Report) by 89.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 44,019 shares of the company’s stock after buying an additional 20,768 shares during the quarter. Kestra Private Wealth Services LLC owned about 0.28% of Fidelity Quality Factor ETF worth $2,880,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Rehmann Capital Advisory Group purchased a new position in shares of Fidelity Quality Factor ETF in the 3rd quarter worth $209,000. Foundations Investment Advisors LLC purchased a new position in Fidelity Quality Factor ETF in the fourth quarter worth about $236,000. Sigma Planning Corp grew its stake in shares of Fidelity Quality Factor ETF by 31.2% during the 3rd quarter. Sigma Planning Corp now owns 5,324 shares of the company’s stock valued at $346,000 after purchasing an additional 1,266 shares during the period. Valmark Advisers Inc. purchased a new stake in shares of Fidelity Quality Factor ETF during the 3rd quarter valued at about $411,000. Finally, Colony Family Offices LLC lifted its stake in shares of Fidelity Quality Factor ETF by 102.4% in the 3rd quarter. Colony Family Offices LLC now owns 7,263 shares of the company’s stock worth $471,000 after purchasing an additional 3,675 shares during the period.
Fidelity Quality Factor ETF Trading Up 0.4 %
FQAL opened at $68.41 on Wednesday. The company’s 50 day moving average is $66.92 and its 200 day moving average is $65.25. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 20.41 and a beta of 0.95. Fidelity Quality Factor ETF has a 12-month low of $55.13 and a 12-month high of $68.61.
About Fidelity Quality Factor ETF
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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