HighTower Advisors LLC lessened its holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL – Free Report) by 6.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,447 shares of the company’s stock after selling 795 shares during the quarter. HighTower Advisors LLC’s holdings in Fidelity Quality Factor ETF were worth $808,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in shares of Fidelity Quality Factor ETF by 0.7% in the third 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fidelity Quality Factor ETF by 1.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 25,460 shares of the company’s stock valued at $1,561,000 after buying an additional 281 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Fidelity Quality Factor ETF by 2.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 16,525 shares of the company’s stock valued at $1,013,000 after buying an additional 332 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Fidelity Quality Factor ETF during the second quarter worth about $26,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Fidelity Quality Factor ETF by 1.2% during the third quarter. Rockefeller Capital Management L.P. now owns 38,352 shares of the company’s stock worth $2,488,000 after buying an additional 472 shares during the period.
Fidelity Quality Factor ETF Stock Down 2.8 %
Shares of Fidelity Quality Factor ETF stock opened at $65.69 on Thursday. Fidelity Quality Factor ETF has a 52-week low of $53.19 and a 52-week high of $68.61. The company has a market capitalization of $1.02 billion, a P/E ratio of 20.41 and a beta of 0.95. The company has a 50 day moving average of $66.72 and a 200 day moving average of $63.86.
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.
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