Unique Wealth LLC cut its stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL – Free Report) by 15.9% in the first quarter, Holdings Channel reports. The fund owned 36,398 shares of the company’s stock after selling 6,878 shares during the period. Unique Wealth LLC’s holdings in Fidelity Quality Factor ETF were worth $2,643,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of FQAL. JPMorgan Chase & Co. grew its holdings in shares of Fidelity Quality Factor ETF by 7.6% in the third quarter. JPMorgan Chase & Co. now owns 246,288 shares of the company’s stock valued at $18,403,000 after purchasing an additional 17,304 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Fidelity Quality Factor ETF by 6,154.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,624,514 shares of the company’s stock worth $122,797,000 after purchasing an additional 1,598,541 shares during the period. CRA Financial Services LLC acquired a new position in Fidelity Quality Factor ETF in the 4th quarter valued at about $620,000. Fullerton Advisors LLC acquired a new position in Fidelity Quality Factor ETF in the 4th quarter valued at about $3,335,000. Finally, Sunbelt Securities Inc. boosted its holdings in Fidelity Quality Factor ETF by 8.4% in the 3rd 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 during the last quarter.
Fidelity Quality Factor ETF Price Performance
Fidelity Quality Factor ETF stock opened at $79.60 on Friday. The firm has a 50 day simple moving average of $79.66 and a 200-day simple moving average of $77.04. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 25.46 and a beta of 0.95. Fidelity Quality Factor ETF has a 1-year low of $68.50 and a 1-year 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.
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