LVZ Inc. Sells 3,464 Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL)

LVZ Inc. reduced its position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 11.0% in the 4th quarter, Holdings Channel reports. The firm owned 27,915 shares of the company’s stock after selling 3,464 shares during the period. LVZ Inc.’s holdings in Fidelity Quality Factor ETF were worth $1,826,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in Fidelity Quality Factor ETF by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,402 shares of the company’s stock valued at $2,168,000 after purchasing an additional 245 shares during the period. Quotient Wealth Partners LLC lifted its position in Fidelity Quality Factor ETF by 3.4% in the 4th quarter. Quotient Wealth Partners LLC now owns 12,237 shares of the company’s stock valued at $801,000 after acquiring an additional 408 shares in the last quarter. Sigma Planning Corp increased its stake in Fidelity Quality Factor ETF by 7.9% in the 4th quarter. Sigma Planning Corp now owns 5,742 shares of the company’s stock valued at $376,000 after buying an additional 418 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Fidelity Quality Factor ETF by 1.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 38,352 shares of the company’s stock valued at $2,488,000 after buying an additional 472 shares during the last quarter. Finally, Beacon Financial Group increased its stake in Fidelity Quality Factor ETF by 0.4% in the 4th quarter. Beacon Financial Group now owns 186,025 shares of the company’s stock valued at $12,172,000 after buying an additional 651 shares during the last quarter.

Fidelity Quality Factor ETF Stock Down 1.2 %

Shares of FQAL stock opened at $65.75 on Wednesday. The company has a 50 day moving average of $67.10 and a 200-day moving average of $66.01. The firm has a market cap of $1.22 billion, a P/E ratio of 28.24 and a beta of 0.99. Fidelity Quality Factor ETF has a 12-month low of $55.46 and a 12-month high of $69.23.

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.