Fidelity Quality Factor ETF $FQAL Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its holdings in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 42.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,380 shares of the company’s stock after selling 9,950 shares during the period. Envestnet Portfolio Solutions Inc. owned 0.09% of Fidelity Quality Factor ETF worth $1,000,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FQAL. High Probability Advisors LLC lifted its holdings in Fidelity Quality Factor ETF by 3.0% in the third quarter. High Probability Advisors LLC now owns 303,348 shares of the company’s stock worth $22,666,000 after acquiring an additional 8,840 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Fidelity Quality Factor ETF by 29.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 228,984 shares of the company’s stock worth $15,944,000 after buying an additional 51,744 shares in the last quarter. Sagespring Wealth Partners LLC increased its position in Fidelity Quality Factor ETF by 3.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 119,494 shares of the company’s stock valued at $8,320,000 after acquiring an additional 4,499 shares during the period. Cetera Investment Advisers raised its stake in Fidelity Quality Factor ETF by 6.5% during the 2nd quarter. Cetera Investment Advisers now owns 115,368 shares of the company’s stock valued at $8,033,000 after acquiring an additional 7,016 shares in the last quarter. Finally, Keystone Wealth Services LLC raised its stake in Fidelity Quality Factor ETF by 804.7% during the 3rd quarter. Keystone Wealth Services LLC now owns 50,652 shares of the company’s stock valued at $3,785,000 after acquiring an additional 45,053 shares in the last quarter.

Fidelity Quality Factor ETF Stock Performance

NYSEARCA:FQAL opened at $77.22 on Thursday. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 25.46 and a beta of 0.97. Fidelity Quality Factor ETF has a 1 year low of $56.05 and a 1 year high of $77.37. The business has a fifty day moving average of $75.93 and a 200-day moving average of $74.18.

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.