Cullen Frost Bankers Inc. Acquires 863 Shares of Fidelity Quality Factor ETF $FQAL

Cullen Frost Bankers Inc. raised its holdings in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 15.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,558 shares of the company’s stock after acquiring an additional 863 shares during the period. Cullen Frost Bankers Inc.’s holdings in Fidelity Quality Factor ETF were worth $457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in shares of Fidelity Quality Factor ETF by 6.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the company’s stock valued at $178,000 after acquiring an additional 158 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Fidelity Quality Factor ETF by 26.6% in the 2nd quarter. IFP Advisors Inc now owns 923 shares of the company’s stock valued at $64,000 after buying an additional 194 shares during the period. Sigma Planning Corp grew its holdings in shares of Fidelity Quality Factor ETF by 8.6% in the 1st quarter. Sigma Planning Corp now owns 6,233 shares of the company’s stock valued at $400,000 after buying an additional 491 shares during the period. Allworth Financial LP grew its holdings in shares of Fidelity Quality Factor ETF by 1.4% in the 1st quarter. Allworth Financial LP now owns 38,175 shares of the company’s stock valued at $2,392,000 after buying an additional 509 shares during the period. Finally, Clarity Asset Management Inc. grew its holdings in shares of Fidelity Quality Factor ETF by 99.6% in the 1st quarter. Clarity Asset Management Inc. now owns 1,056 shares of the company’s stock valued at $68,000 after buying an additional 527 shares during the period.

Fidelity Quality Factor ETF Stock Up 0.7%

Shares of FQAL stock opened at $75.01 on Friday. Fidelity Quality Factor ETF has a 12-month low of $56.05 and a 12-month high of $75.52. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 25.46 and a beta of 0.98. The firm has a fifty day moving average of $73.72 and a 200-day moving average of $69.59.

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.