Savvy Advisors Inc. Makes New Investment in Fidelity Quality Factor ETF $FQAL

Savvy Advisors Inc. acquired a new stake in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,651 shares of the company’s stock, valued at approximately $796,000. Savvy Advisors Inc. owned about 0.07% of Fidelity Quality Factor ETF as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Fidelity Quality Factor ETF in the second quarter worth about $33,000. Cornerstone Planning Group LLC bought a new stake in Fidelity Quality Factor ETF in the 3rd quarter worth approximately $38,000. Spire Wealth Management raised its holdings in shares of Fidelity Quality Factor ETF by 22.4% during the 3rd quarter. Spire Wealth Management now owns 808 shares of the company’s stock worth $60,000 after acquiring an additional 148 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Fidelity Quality Factor ETF during the 2nd quarter valued at approximately $61,000. Finally, IFP Advisors Inc boosted its position in shares of Fidelity Quality Factor ETF by 26.6% during the 2nd quarter. IFP Advisors Inc now owns 923 shares of the company’s stock valued at $64,000 after acquiring an additional 194 shares during the last quarter.

Fidelity Quality Factor ETF Stock Performance

Shares of FQAL opened at $76.14 on Friday. The company’s fifty day moving average is $76.28 and its 200 day moving average is $74.66. Fidelity Quality Factor ETF has a fifty-two week low of $56.05 and a fifty-two week high of $77.58. The stock has a market capitalization of $1.16 billion, a PE ratio of 25.46 and a beta of 0.97.

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.