Smith Chas P & Associates PA Cpas Lowers Position in Fidelity Quality Factor ETF $FQAL

Smith Chas P & Associates PA Cpas decreased its position in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 2.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 233,162 shares of the company’s stock after selling 6,149 shares during the period. Smith Chas P & Associates PA Cpas owned about 1.56% of Fidelity Quality Factor ETF worth $16,235,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FQAL. Iron Horse Wealth Management LLC acquired a new stake in shares of Fidelity Quality Factor ETF during the 1st quarter valued at about $56,000. Clarity Asset Management Inc. boosted its position in Fidelity Quality Factor ETF by 99.6% during the first quarter. Clarity Asset Management Inc. now owns 1,056 shares of the company’s stock worth $68,000 after purchasing an additional 527 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in Fidelity Quality Factor ETF in the first quarter valued at approximately $76,000. PNC Financial Services Group Inc. grew its holdings in Fidelity Quality Factor ETF by 6.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the company’s stock valued at $178,000 after purchasing an additional 158 shares during the period. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Fidelity Quality Factor ETF in the first quarter valued at approximately $202,000.

Fidelity Quality Factor ETF Price Performance

Shares of FQAL stock opened at $74.28 on Monday. Fidelity Quality Factor ETF has a 1-year low of $56.05 and a 1-year high of $74.82. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 25.46 and a beta of 0.98. The stock has a 50 day simple moving average of $72.49 and a 200-day simple moving average of $68.13.

Fidelity Quality Factor ETF 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.