Fidelity Quality Factor ETF (NYSEARCA:FQAL) Position Boosted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,460 shares of the company’s stock after purchasing an additional 281 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.16% of Fidelity Quality Factor ETF worth $1,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FQAL. B. Riley Wealth Advisors Inc. bought a new stake in shares of Fidelity Quality Factor ETF during the 4th quarter worth $597,000. Atlas Brown Inc. raised its holdings in Fidelity Quality Factor ETF by 9.9% during the 1st quarter. Atlas Brown Inc. now owns 6,519 shares of the company’s stock worth $384,000 after buying an additional 586 shares during the period. Citizens & Northern Corp purchased a new stake in Fidelity Quality Factor ETF during the second quarter valued at about $2,185,000. J.W. Cole Advisors Inc. acquired a new position in shares of Fidelity Quality Factor ETF in the second quarter worth about $406,000. Finally, Cetera Investment Advisers increased its position in shares of Fidelity Quality Factor ETF by 38.8% in the first quarter. Cetera Investment Advisers now owns 60,137 shares of the company’s stock worth $3,545,000 after acquiring an additional 16,801 shares in the last quarter.

Fidelity Quality Factor ETF Stock Up 0.7 %

Shares of NYSEARCA:FQAL 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. The company’s fifty day moving average is $62.82 and its two-hundred day moving average is $60.66. Fidelity Quality Factor ETF has a 12-month low of $47.21 and a 12-month high of $65.04.

Fidelity Quality Factor ETF 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.