Fidelity Quality Factor ETF (NYSEARCA:FQAL) Shares Sold by Sigma Planning Corp

Sigma Planning Corp cut its stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 49.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,024 shares of the company’s stock after selling 3,982 shares during the quarter. Sigma Planning Corp owned about 0.06% of Fidelity Quality Factor ETF worth $219,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Parsons Capital Management Inc. RI acquired a new position in Fidelity Quality Factor ETF in the fourth quarter valued at approximately $200,000. Weaver Consulting Group purchased a new position in shares of Fidelity Quality Factor ETF during the 4th quarter worth $204,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Fidelity Quality Factor ETF during the 4th quarter worth about $247,000. Tranquility Partners LLC purchased a new stake in Fidelity Quality Factor ETF in the 3rd quarter valued at about $248,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Fidelity Quality Factor ETF in the 3rd quarter valued at about $297,000.

Fidelity Quality Factor ETF Price Performance

Shares of FQAL stock opened at $56.93 on Tuesday. The company has a 50-day moving average of $57.49 and a two-hundred day moving average of $54.50. The firm has a market cap of $853.95 million, a PE ratio of 20.94 and a beta of 0.95. Fidelity Quality Factor ETF has a 1-year low of $46.43 and a 1-year high of $59.01.

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.