Fidelity Quality Factor ETF (NYSEARCA:FQAL) Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 5.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,187 shares of the company’s stock after acquiring an additional 1,199 shares during the quarter. Cerity Partners LLC owned 0.14% of Fidelity Quality Factor ETF worth $1,440,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cetera Investment Advisers increased its position in Fidelity Quality Factor ETF by 38.8% during the 1st quarter. Cetera Investment Advisers now owns 60,137 shares of the company’s stock worth $3,545,000 after purchasing an additional 16,801 shares in the last quarter. Hurlow Wealth Management Group Inc. purchased a new stake in Fidelity Quality Factor ETF during the 2nd quarter worth about $214,000. Wealth Enhancement Advisory Services LLC increased its position in Fidelity Quality Factor ETF by 16.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,230 shares of the company’s stock worth $811,000 after purchasing an additional 1,917 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Fidelity Quality Factor ETF by 136.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,129 shares of the company’s stock worth $498,000 after purchasing an additional 4,695 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in Fidelity Quality Factor ETF during the 2nd quarter worth about $725,000.

Fidelity Quality Factor ETF Price Performance

FQAL opened at $68.22 on Wednesday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 20.41 and a beta of 0.95. The business has a 50-day moving average of $66.05 and a two-hundred day moving average of $63.23. Fidelity Quality Factor ETF has a 12 month low of $52.16 and a 12 month high of $68.28.

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.