Fidelity Quality Factor ETF $FQAL Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC cut its holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 22.7% in the first quarter, Holdings Channel reports. The institutional investor owned 27,553 shares of the company’s stock after selling 8,086 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Fidelity Quality Factor ETF were worth $2,000,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FQAL. DecisionMap Wealth Management LLC boosted its stake in shares of Fidelity Quality Factor ETF by 5.4% in the fourth quarter. DecisionMap Wealth Management LLC now owns 2,962 shares of the company’s stock worth $224,000 after acquiring an additional 151 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Fidelity Quality Factor ETF by 23.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 890 shares of the company’s stock valued at $67,000 after purchasing an additional 168 shares in the last quarter. Savvy Advisors Inc. lifted its holdings in Fidelity Quality Factor ETF by 1.7% in the 4th quarter. Savvy Advisors Inc. now owns 10,831 shares of the company’s stock valued at $819,000 after purchasing an additional 180 shares in the last quarter. Lido Advisors LLC boosted its stake in Fidelity Quality Factor ETF by 1.1% during the 3rd quarter. Lido Advisors LLC now owns 19,232 shares of the company’s stock worth $1,437,000 after purchasing an additional 200 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Fidelity Quality Factor ETF by 3.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 7,557 shares of the company’s stock worth $571,000 after buying an additional 219 shares in the last quarter.

Fidelity Quality Factor ETF Price Performance

Shares of NYSEARCA FQAL opened at $80.87 on Friday. The firm has a 50-day simple moving average of $79.34 and a 200-day simple moving average of $76.91. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 25.46 and a beta of 0.95. Fidelity Quality Factor ETF has a 52 week low of $66.80 and a 52 week high of $81.99.

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.