B. Riley Wealth Advisors Inc. Acquires Shares of 13,780 Fidelity Quality Factor ETF (NYSEARCA:FQAL)

B. Riley Wealth Advisors Inc. bought a new stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,780 shares of the company’s stock, valued at approximately $845,000. B. Riley Wealth Advisors Inc. owned approximately 0.09% of Fidelity Quality Factor ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FQAL. Orgel Wealth Management LLC purchased a new stake in shares of Fidelity Quality Factor ETF in the first quarter valued at about $119,932,000. Envestnet Asset Management Inc. boosted its holdings in Fidelity Quality Factor ETF by 16.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,009,324 shares of the company’s stock worth $54,847,000 after buying an additional 142,310 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Fidelity Quality Factor ETF by 16.9% during the first quarter. Kestra Advisory Services LLC now owns 522,914 shares of the company’s stock worth $30,821,000 after buying an additional 75,503 shares in the last quarter. Citizens & Northern Corp purchased a new stake in Fidelity Quality Factor ETF during the second quarter worth about $2,185,000. Finally, Cetera Investment Advisers boosted its holdings in Fidelity Quality Factor ETF by 38.8% during the first quarter. Cetera Investment Advisers now owns 60,137 shares of the company’s stock worth $3,545,000 after buying an additional 16,801 shares in the last quarter.

Fidelity Quality Factor ETF Trading Up 0.7 %

FQAL stock opened at $65.04 on Friday. The company has a market cap of $1.01 billion, a P/E ratio of 20.41 and a beta of 0.95. Fidelity Quality Factor ETF has a 52 week low of $47.21 and a 52 week high of $65.04. The company’s 50-day moving average price is $62.82 and its 200 day moving average price is $60.65.

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.