Stratos Wealth Partners LTD. purchased a new position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 69,223 shares of the company’s stock, valued at approximately $4,529,000.
Several other hedge funds have also recently modified their holdings of FQAL. Wealth Enhancement Advisory Services LLC raised its position in Fidelity Quality Factor ETF by 150.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 33,157 shares of the company’s stock worth $2,152,000 after buying an additional 19,927 shares during the last quarter. EWG Elevate Inc. acquired a new position in shares of Fidelity Quality Factor ETF during the fourth quarter worth about $971,000. Flavin Financial Services Inc. purchased a new position in Fidelity Quality Factor ETF during the fourth quarter worth about $766,000. Valmark Advisers Inc. acquired a new stake in Fidelity Quality Factor ETF in the third quarter valued at about $411,000. Finally, J.W. Cole Advisors Inc. boosted its holdings in Fidelity Quality Factor ETF by 92.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,760 shares of the company’s stock valued at $828,000 after purchasing an additional 6,145 shares in the last quarter.
Fidelity Quality Factor ETF Trading Up 0.5 %
Shares of FQAL stock opened at $68.26 on Friday. The stock has a 50 day simple moving average of $66.91 and a 200-day simple moving average of $65.09. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 20.41 and a beta of 0.95. Fidelity Quality Factor ETF has a 12-month low of $55.13 and a 12-month high of $68.61.
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.
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