Keystone Wealth Services LLC Takes $261,000 Position in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Keystone Wealth Services LLC acquired a new position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,991 shares of the company’s stock, valued at approximately $261,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stratos Wealth Partners LTD. bought a new position in Fidelity Quality Factor ETF during the 4th quarter worth about $4,529,000. Kestra Private Wealth Services LLC boosted its position in shares of Fidelity Quality Factor ETF by 89.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 44,019 shares of the company’s stock worth $2,880,000 after buying an additional 20,768 shares during the period. EWG Elevate Inc. bought a new position in shares of Fidelity Quality Factor ETF during the fourth quarter worth about $971,000. Flavin Financial Services Inc. acquired a new stake in Fidelity Quality Factor ETF in the 4th quarter valued at approximately $766,000. Finally, Valmark Advisers Inc. raised its position in Fidelity Quality Factor ETF by 97.6% in the 4th quarter. Valmark Advisers Inc. now owns 12,526 shares of the company’s stock valued at $820,000 after buying an additional 6,186 shares during the last quarter.

Fidelity Quality Factor ETF Stock Down 1.4 %

NYSEARCA:FQAL opened at $66.53 on Tuesday. The company has a market cap of $1.24 billion, a P/E ratio of 28.24 and a beta of 0.99. Fidelity Quality Factor ETF has a twelve month low of $55.46 and a twelve month high of $69.23. The business has a 50 day moving average price of $67.09 and a two-hundred day moving average price of $65.98.

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.