JPMorgan Chase & Co. Increases Position in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

JPMorgan Chase & Co. boosted its position in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 8.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,879 shares of the company’s stock after buying an additional 2,742 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.22% of Fidelity Quality Factor ETF worth $2,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sunbelt Securities Inc. lifted its position in Fidelity Quality Factor ETF by 5.7% in the third quarter. Sunbelt Securities Inc. now owns 103,479 shares of the company’s stock worth $6,716,000 after purchasing an additional 5,564 shares during the period. Cetera Investment Advisers increased its position in Fidelity Quality Factor ETF by 4.9% in the 2nd quarter. Cetera Investment Advisers now owns 63,095 shares of the company’s stock worth $3,869,000 after purchasing an additional 2,958 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Fidelity Quality Factor ETF by 1.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 38,352 shares of the company’s stock valued at $2,488,000 after acquiring an additional 472 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Fidelity Quality Factor ETF by 0.7% during the 3rd quarter. Allworth Financial LP now owns 37,603 shares of the company’s stock valued at $2,440,000 after acquiring an additional 250 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Fidelity Quality Factor ETF by 150.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 33,157 shares of the company’s stock valued at $2,152,000 after acquiring an additional 19,927 shares during the last quarter.

Fidelity Quality Factor ETF Stock Up 0.8 %

FQAL opened at $67.34 on Wednesday. The firm has a market capitalization of $1.05 billion, a P/E ratio of 20.41 and a beta of 0.95. The stock’s 50 day moving average price is $66.77 and its two-hundred day moving average price is $64.69. Fidelity Quality Factor ETF has a 12-month low of $54.69 and a 12-month high of $68.61.

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.