Fidelity Quality Factor ETF (NYSEARCA:FQAL) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,535 shares of the company’s stock after selling 912 shares during the period. HighTower Advisors LLC owned about 0.07% of Fidelity Quality Factor ETF worth $755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in FQAL. Stratos Wealth Partners LTD. acquired a new stake in Fidelity Quality Factor ETF during the fourth quarter valued at $4,529,000. Kestra Private Wealth Services LLC boosted its stake in shares of Fidelity Quality Factor ETF by 89.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 44,019 shares of the company’s stock worth $2,880,000 after acquiring an additional 20,768 shares in the last quarter. EWG Elevate Inc. acquired a new stake in shares of Fidelity Quality Factor ETF during the 4th quarter valued at about $971,000. Flavin Financial Services Inc. purchased a new position in shares of Fidelity Quality Factor ETF in the 4th quarter valued at about $766,000. Finally, Valmark Advisers Inc. raised its holdings in Fidelity Quality Factor ETF by 97.6% in the 4th quarter. Valmark Advisers Inc. now owns 12,526 shares of the company’s stock worth $820,000 after purchasing an additional 6,186 shares during the period.

Fidelity Quality Factor ETF Trading Down 1.7 %

Shares of FQAL opened at $63.60 on Friday. The firm has a market cap of $1.03 billion, a P/E ratio of 25.33 and a beta of 1.00. Fidelity Quality Factor ETF has a 12 month low of $55.46 and a 12 month high of $69.23. The stock’s 50 day moving average is $66.65 and its two-hundred day moving average is $66.20.

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.