High Probability Advisors LLC Purchases 7,489 Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL)

High Probability Advisors LLC grew its position in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 2.7% during the first quarter, HoldingsChannel reports. The firm owned 280,726 shares of the company’s stock after buying an additional 7,489 shares during the period. Fidelity Quality Factor ETF comprises approximately 3.0% of High Probability Advisors LLC’s portfolio, making the stock its 14th largest holding. High Probability Advisors LLC’s holdings in Fidelity Quality Factor ETF were worth $18,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FQAL. Independent Advisor Alliance raised its holdings in shares of Fidelity Quality Factor ETF by 1.1% in the fourth quarter. Independent Advisor Alliance now owns 18,591 shares of the company’s stock valued at $1,216,000 after purchasing an additional 197 shares during the last quarter. Mariner LLC grew its stake in Fidelity Quality Factor ETF by 1.7% during the fourth quarter. Mariner LLC now owns 15,671 shares of the company’s stock valued at $1,025,000 after acquiring an additional 258 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Fidelity Quality Factor ETF by 0.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 38,660 shares of the company’s stock valued at $2,528,000 after acquiring an additional 308 shares in the last quarter. Atlas Brown Inc. grew its stake in Fidelity Quality Factor ETF by 5.7% during the first quarter. Atlas Brown Inc. now owns 7,026 shares of the company’s stock valued at $451,000 after acquiring an additional 377 shares in the last quarter. Finally, Sigma Planning Corp grew its stake in Fidelity Quality Factor ETF by 7.9% in the 4th quarter. Sigma Planning Corp now owns 5,742 shares of the company’s stock worth $376,000 after buying an additional 418 shares in the last quarter.

Fidelity Quality Factor ETF Price Performance

FQAL stock opened at $67.62 on Friday. Fidelity Quality Factor ETF has a one year low of $56.05 and a one year high of $69.23. The stock has a market cap of $1.04 billion, a PE ratio of 25.61 and a beta of 0.99. The firm has a 50 day simple moving average of $64.90 and a two-hundred day simple moving average of $65.81.

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.