Fidelity Quality Factor ETF $FQAL Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,374 shares of the company’s stock after selling 16,402 shares during the quarter. Commonwealth Equity Services LLC owned 0.98% of Fidelity Quality Factor ETF worth $11,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Colony Family Offices LLC purchased a new stake in Fidelity Quality Factor ETF during the second quarter valued at about $239,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Fidelity Quality Factor ETF in the 2nd quarter valued at approximately $539,000. Nwam LLC acquired a new position in Fidelity Quality Factor ETF in the 2nd quarter worth approximately $236,000. PKS Advisory Services LLC boosted its stake in Fidelity Quality Factor ETF by 5.1% in the 2nd quarter. PKS Advisory Services LLC now owns 19,979 shares of the company’s stock worth $1,391,000 after purchasing an additional 977 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in Fidelity Quality Factor ETF by 11.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock worth $1,624,000 after purchasing an additional 2,488 shares in the last quarter.

Fidelity Quality Factor ETF Stock Up 0.8%

Shares of NYSEARCA:FQAL opened at $76.84 on Monday. The company’s fifty day moving average is $75.39 and its two-hundred day moving average is $73.60. The company has a market cap of $1.17 billion, a P/E ratio of 25.46 and a beta of 0.97. Fidelity Quality Factor ETF has a 12-month low of $56.05 and a 12-month high of $76.92.

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.