Fmr LLC Sells 195,220 Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Fmr LLC lowered its stake in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,959,900 shares of the company’s stock after selling 195,220 shares during the period. Fmr LLC owned 51.19% of Fidelity Quality Factor ETF worth $520,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. lifted its stake in Fidelity Quality Factor ETF by 5.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 103,479 shares of the company’s stock worth $6,716,000 after purchasing an additional 5,564 shares in the last quarter. Rehmann Capital Advisory Group bought a new stake in shares of Fidelity Quality Factor ETF in the third quarter worth about $209,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Fidelity Quality Factor ETF by 7.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 14,756 shares of the company’s stock worth $956,000 after buying an additional 976 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fidelity Quality Factor ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 33,879 shares of the company’s stock worth $2,199,000 after buying an additional 2,742 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Fidelity Quality Factor ETF by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,402 shares of the company’s stock valued at $2,168,000 after buying an additional 245 shares during the last quarter.

Fidelity Quality Factor ETF Price Performance

NYSEARCA:FQAL opened at $57.29 on Wednesday. The company has a market cap of $925.23 million, a price-to-earnings ratio of 25.37 and a beta of 0.99. Fidelity Quality Factor ETF has a 1 year low of $55.46 and a 1 year high of $69.23. The stock’s 50 day simple moving average is $65.59 and its two-hundred day simple moving average is $66.07.

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.