Prime Capital Investment Advisors LLC Decreases Holdings in Fidelity Quality Factor ETF $FQAL

Prime Capital Investment Advisors LLC reduced its holdings in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 76.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,619 shares of the company’s stock after selling 41,850 shares during the period. Prime Capital Investment Advisors LLC owned about 0.08% of Fidelity Quality Factor ETF worth $879,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Foundations Investment Advisors LLC boosted its stake in shares of Fidelity Quality Factor ETF by 285.9% in the 1st quarter. Foundations Investment Advisors LLC now owns 13,905 shares of the company’s stock valued at $892,000 after purchasing an additional 10,302 shares in the last quarter. Cyndeo Wealth Partners LLC bought a new stake in Fidelity Quality Factor ETF in the first quarter worth $341,000. Axxcess Wealth Management LLC bought a new stake in Fidelity Quality Factor ETF in the first quarter worth $202,000. Cetera Investment Advisers lifted its stake in Fidelity Quality Factor ETF by 41.1% in the first quarter. Cetera Investment Advisers now owns 108,352 shares of the company’s stock worth $6,952,000 after purchasing an additional 31,545 shares during the last quarter. Finally, Sigma Planning Corp lifted its stake in Fidelity Quality Factor ETF by 8.6% in the first quarter. Sigma Planning Corp now owns 6,233 shares of the company’s stock worth $400,000 after purchasing an additional 491 shares during the last quarter.

Fidelity Quality Factor ETF Trading Down 0.4%

FQAL opened at $74.69 on Friday. The company has a market cap of $1.12 billion, a P/E ratio of 25.46 and a beta of 0.98. The business’s 50-day moving average price is $73.19 and its 200-day moving average price is $68.71. Fidelity Quality Factor ETF has a 12 month low of $56.05 and a 12 month high of $75.52.

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.