B. Riley Wealth Advisors Inc. Invests $1.08 Million in Fidelity Quality Factor ETF $FQAL

B. Riley Wealth Advisors Inc. bought a new stake in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,500 shares of the company’s stock, valued at approximately $1,079,000. B. Riley Wealth Advisors Inc. owned 0.10% of Fidelity Quality Factor ETF at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in shares of Fidelity Quality Factor ETF by 0.4% during the second quarter. Allworth Financial LP now owns 38,316 shares of the company’s stock valued at $2,668,000 after acquiring an additional 141 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Fidelity Quality Factor ETF by 6.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the company’s stock worth $178,000 after purchasing an additional 158 shares during the period. IFP Advisors Inc raised its position in Fidelity Quality Factor ETF by 26.6% during the 2nd quarter. IFP Advisors Inc now owns 923 shares of the company’s stock valued at $64,000 after purchasing an additional 194 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Fidelity Quality Factor ETF by 6.0% in the 2nd quarter. Bank of Montreal Can now owns 3,764 shares of the company’s stock worth $262,000 after buying an additional 214 shares during the period. Finally, OmniStar Financial Group Inc. lifted its holdings in shares of Fidelity Quality Factor ETF by 1.2% in the 2nd quarter. OmniStar Financial Group Inc. now owns 25,134 shares of the company’s stock worth $1,750,000 after buying an additional 307 shares during the period.

Fidelity Quality Factor ETF Stock Performance

NYSEARCA:FQAL opened at $75.59 on Tuesday. The firm has a 50-day simple moving average of $74.87 and a 200-day simple moving average of $72.51. Fidelity Quality Factor ETF has a one year low of $56.05 and a one year high of $76.43. The firm has a market cap of $1.15 billion, a P/E ratio of 25.46 and a beta of 0.97.

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.