Prime Capital Investment Advisors LLC Has $798,000 Position in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Prime Capital Investment Advisors LLC raised its stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 12.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,298 shares of the company’s stock after purchasing an additional 1,355 shares during the period. Prime Capital Investment Advisors LLC owned 0.08% of Fidelity Quality Factor ETF worth $798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in Fidelity Quality Factor ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,126,222 shares of the company’s stock valued at $69,060,000 after purchasing an additional 97,429 shares in the last quarter. Kestra Advisory Services LLC raised its position in Fidelity Quality Factor ETF by 16.9% in the 1st quarter. Kestra Advisory Services LLC now owns 522,914 shares of the company’s stock valued at $30,821,000 after buying an additional 75,503 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Fidelity Quality Factor ETF by 0.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 143,831 shares of the company’s stock valued at $8,820,000 after buying an additional 778 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Fidelity Quality Factor ETF by 2.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 97,915 shares of the company’s stock valued at $6,004,000 after acquiring an additional 2,056 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Fidelity Quality Factor ETF by 4.9% during the 2nd quarter. Cetera Investment Advisers now owns 63,095 shares of the company’s stock worth $3,869,000 after acquiring an additional 2,958 shares during the last quarter.

Fidelity Quality Factor ETF Price Performance

Shares of FQAL stock opened at $65.72 on Friday. Fidelity Quality Factor ETF has a one year low of $51.40 and a one year high of $67.81. The company has a market cap of $1.02 billion, a P/E ratio of 20.41 and a beta of 0.95. The firm has a 50-day moving average of $65.15 and a 200-day moving average of $62.37.

Fidelity Quality Factor ETF 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.