Fidelity Quality Factor ETF (NYSEARCA:FQAL) Stock Position Decreased by Biondo Investment Advisors LLC

Biondo Investment Advisors LLC cut its stake in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 1.8% during the fourth quarter, Holdings Channel reports. The firm owned 25,701 shares of the company’s stock after selling 460 shares during the quarter. Biondo Investment Advisors LLC’s holdings in Fidelity Quality Factor ETF were worth $1,682,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Kestra Investment Management LLC acquired a new position in Fidelity Quality Factor ETF in the 4th quarter worth approximately $125,000. Global Retirement Partners LLC lifted its holdings in shares of Fidelity Quality Factor ETF by 868.6% in the fourth quarter. Global Retirement Partners LLC now owns 1,976 shares of the company’s stock valued at $129,000 after purchasing an additional 1,772 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Fidelity Quality Factor ETF by 140.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 2,183 shares of the company’s stock valued at $143,000 after purchasing an additional 1,276 shares in the last quarter. Capital Investment Counsel Inc acquired a new stake in shares of Fidelity Quality Factor ETF in the fourth quarter worth $168,000. Finally, Rehmann Capital Advisory Group purchased a new position in shares of Fidelity Quality Factor ETF during the third quarter valued at $209,000.

Fidelity Quality Factor ETF Trading Down 1.7 %

NYSEARCA:FQAL opened at $63.60 on Friday. The business’s fifty day moving average price is $66.65 and its 200 day moving average price is $66.20. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 25.33 and a beta of 1.00. Fidelity Quality Factor ETF has a 1-year low of $55.46 and a 1-year high of $69.23.

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.