JPMorgan Chase & Co. Grows Stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

JPMorgan Chase & Co. lifted its stake in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,752 shares of the company’s stock after purchasing an additional 4,873 shares during the period. JPMorgan Chase & Co. owned 0.25% of Fidelity Quality Factor ETF worth $2,536,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FQAL. Kestra Investment Management LLC purchased a new stake in Fidelity Quality Factor ETF in the fourth quarter worth $125,000. Global Retirement Partners LLC grew its stake in shares of Fidelity Quality Factor ETF by 868.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,976 shares of the company’s stock worth $129,000 after acquiring an additional 1,772 shares during the period. Cullen Frost Bankers Inc. increased its holdings in Fidelity Quality Factor ETF by 140.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 2,183 shares of the company’s stock worth $143,000 after acquiring an additional 1,276 shares during the last quarter. Capital Investment Counsel Inc bought a new stake in Fidelity Quality Factor ETF in the 4th quarter valued at about $168,000. Finally, Foundations Investment Advisors LLC purchased a new stake in Fidelity Quality Factor ETF during the fourth quarter valued at about $236,000.

Fidelity Quality Factor ETF Stock Up 2.3 %

Shares of NYSEARCA:FQAL opened at $60.73 on Wednesday. The firm has a market capitalization of $959.53 million, a PE ratio of 24.12 and a beta of 0.99. The company has a 50-day moving average price of $64.12 and a two-hundred day moving average price of $65.79. Fidelity Quality Factor ETF has a twelve month low of $55.85 and a twelve month high of $69.23.

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.