Fidelity Quality Factor ETF (NYSEARCA:FQAL) Shares Acquired by Independent Advisor Alliance

Independent Advisor Alliance lifted its position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 1.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,591 shares of the company’s stock after purchasing an additional 197 shares during the period. Independent Advisor Alliance’s holdings in Fidelity Quality Factor ETF were worth $1,216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FQAL. Kestra Investment Management LLC purchased a new stake in Fidelity Quality Factor ETF during the 4th quarter worth about $125,000. Global Retirement Partners LLC raised its position in shares of Fidelity Quality Factor ETF by 868.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,976 shares of the company’s stock worth $129,000 after acquiring an additional 1,772 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in Fidelity Quality Factor ETF by 140.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 2,183 shares of the company’s stock worth $143,000 after purchasing an additional 1,276 shares during the last quarter. Capital Investment Counsel Inc purchased a new stake in Fidelity Quality Factor ETF during the fourth quarter worth approximately $168,000. Finally, Rehmann Capital Advisory Group acquired a new position in Fidelity Quality Factor ETF in the third quarter valued at approximately $209,000.

Fidelity Quality Factor ETF Stock Up 2.1 %

Shares of Fidelity Quality Factor ETF stock opened at $64.46 on Friday. Fidelity Quality Factor ETF has a 52 week low of $55.46 and a 52 week high of $69.23. The firm’s 50 day moving average is $66.86 and its two-hundred day moving average is $66.07. The firm has a market capitalization of $1.20 billion, a P/E ratio of 28.24 and a beta of 0.99.

Fidelity Quality Factor ETF Company Profile

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.