Kestra Advisory Services LLC Raises Stock Position in Fidelity Quality Factor ETF $FQAL

Kestra Advisory Services LLC lifted its holdings in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 33.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 899,808 shares of the company’s stock after acquiring an additional 226,425 shares during the quarter. Kestra Advisory Services LLC owned about 5.14% of Fidelity Quality Factor ETF worth $65,326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FQAL. Northwestern Mutual Wealth Management Co. raised its position in Fidelity Quality Factor ETF by 6,154.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,624,514 shares of the company’s stock valued at $122,797,000 after purchasing an additional 1,598,541 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Fidelity Quality Factor ETF by 7.6% in the third quarter. JPMorgan Chase & Co. now owns 246,288 shares of the company’s stock worth $18,403,000 after buying an additional 17,304 shares during the period. CRA Financial Services LLC purchased a new stake in shares of Fidelity Quality Factor ETF in the fourth quarter worth about $620,000. Sunbelt Securities Inc. grew its stake in shares of Fidelity Quality Factor ETF by 8.4% in the third quarter. Sunbelt Securities Inc. now owns 108,252 shares of the company’s stock valued at $8,089,000 after buying an additional 8,397 shares in the last quarter. Finally, Fullerton Advisors LLC acquired a new stake in shares of Fidelity Quality Factor ETF in the fourth quarter valued at about $3,335,000.

Fidelity Quality Factor ETF Stock Performance

Shares of NYSEARCA:FQAL opened at $81.80 on Friday. The company has a market cap of $1.42 billion, a P/E ratio of 25.46 and a beta of 0.94. Fidelity Quality Factor ETF has a one year low of $69.45 and a one year high of $81.99. The business’s 50-day simple moving average is $80.37 and its 200 day simple moving average is $77.44.

About Fidelity Quality Factor ETF

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.