AE Wealth Management LLC Grows Stock Holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

AE Wealth Management LLC grew its holdings in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 16.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,885 shares of the company’s stock after buying an additional 7,759 shares during the period. AE Wealth Management LLC owned 0.36% of Fidelity Quality Factor ETF worth $3,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cullen Frost Bankers Inc. purchased a new position in shares of Fidelity Quality Factor ETF in the 2nd quarter valued at $26,000. Creekmur Asset Management LLC purchased a new position in shares of Fidelity Quality Factor ETF during the fourth quarter worth about $92,000. TD Capital Management LLC increased its position in shares of Fidelity Quality Factor ETF by 27.6% during the fourth quarter. TD Capital Management LLC now owns 3,598 shares of the company’s stock worth $195,000 after purchasing an additional 779 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Fidelity Quality Factor ETF in the 1st quarter valued at about $202,000. Finally, Hurlow Wealth Management Group Inc. acquired a new stake in shares of Fidelity Quality Factor ETF in the 2nd quarter valued at about $214,000.

Fidelity Quality Factor ETF Stock Down 0.5 %

FQAL opened at $64.20 on Monday. Fidelity Quality Factor ETF has a 52 week low of $47.21 and a 52 week high of $64.71. The business’s 50 day moving average is $62.30 and its two-hundred day moving average is $60.20. The firm has a market cap of $998.31 million, a price-to-earnings ratio of 20.41 and a beta of 0.95.

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.