Navalign LLC Sells 13,990 Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Navalign LLC trimmed its position in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 63.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,166 shares of the company’s stock after selling 13,990 shares during the period. Navalign LLC owned about 0.13% of Fidelity Quality Factor ETF worth $444,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. OmniStar Financial Group Inc. increased its position in shares of Fidelity Quality Factor ETF by 1.4% in the fourth quarter. OmniStar Financial Group Inc. now owns 21,938 shares of the company’s stock valued at $1,192,000 after acquiring an additional 293 shares during the last quarter. Halpern Financial Inc. boosted its holdings in shares of Fidelity Quality Factor ETF by 60.0% during the third quarter. Halpern Financial Inc. now owns 800 shares of the company’s stock worth $39,000 after acquiring an additional 300 shares during the period. Bank of America Corp DE boosted its holdings in shares of Fidelity Quality Factor ETF by 0.9% during the first quarter. Bank of America Corp DE now owns 39,668 shares of the company’s stock worth $1,882,000 after acquiring an additional 338 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of Fidelity Quality Factor ETF during the second quarter worth approximately $25,000. Finally, UBS Group AG boosted its holdings in shares of Fidelity Quality Factor ETF by 3,682.4% during the third quarter. UBS Group AG now owns 643 shares of the company’s stock worth $27,000 after acquiring an additional 626 shares during the period.

Fidelity Quality Factor ETF Trading Up 0.2 %

Shares of NYSEARCA:FQAL traded up $0.13 during trading on Thursday, reaching $58.94. 95,534 shares of the stock were exchanged, compared to its average volume of 156,989. Fidelity Quality Factor ETF has a 12 month low of $46.32 and a 12 month high of $59.01. The firm has a market cap of $371.33 million, a PE ratio of 16.82 and a beta of 0.98. The stock has a 50-day moving average price of $56.77 and a 200-day moving average price of $53.34.

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.