Independent Advisor Alliance Trims Holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Independent Advisor Alliance cut its holdings in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 8.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,394 shares of the company’s stock after selling 1,631 shares during the quarter. Independent Advisor Alliance owned 0.12% of Fidelity Quality Factor ETF worth $1,194,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FQAL. Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Quality Factor ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,126,222 shares of the company’s stock worth $69,060,000 after buying an additional 97,429 shares during the last quarter. Commonwealth Equity Services LLC boosted 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 worth $8,820,000 after purchasing an additional 778 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Fidelity Quality Factor ETF by 2.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 97,915 shares of the company’s stock worth $6,004,000 after purchasing an additional 2,056 shares during the period. Cetera Investment Advisers increased its holdings in shares of Fidelity Quality Factor ETF by 4.9% during the 2nd quarter. Cetera Investment Advisers now owns 63,095 shares of the company’s stock valued at $3,869,000 after purchasing an additional 2,958 shares in the last quarter. Finally, AE Wealth Management LLC lifted its stake in shares of Fidelity Quality Factor ETF by 16.1% in the 2nd quarter. AE Wealth Management LLC now owns 55,885 shares of the company’s stock valued at $3,427,000 after purchasing an additional 7,759 shares during the period.

Fidelity Quality Factor ETF Stock Performance

Shares of NYSEARCA FQAL opened at $67.83 on Wednesday. The company has a market capitalization of $1.05 billion, a PE ratio of 20.41 and a beta of 0.95. The company’s fifty day moving average price is $65.60 and its 200 day moving average price is $62.85. Fidelity Quality Factor ETF has a 1 year low of $51.85 and a 1 year high of $67.90.

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.