Fidelity Quality Factor ETF (NYSEARCA:FQAL) Stake Raised by OmniStar Financial Group Inc.

OmniStar Financial Group Inc. grew its holdings in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 12.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,964 shares of the company’s stock after purchasing an additional 2,312 shares during the period. Fidelity Quality Factor ETF makes up 1.0% of OmniStar Financial Group Inc.’s portfolio, making the stock its 25th biggest holding. OmniStar Financial Group Inc. owned 0.13% of Fidelity Quality Factor ETF worth $1,365,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Quality Factor ETF by 1.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 25,460 shares of the company’s stock worth $1,561,000 after purchasing an additional 281 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Fidelity Quality Factor ETF by 2.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 16,525 shares of the company’s stock valued at $1,013,000 after buying an additional 332 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Fidelity Quality Factor ETF in the second quarter worth approximately $26,000. Commonwealth Equity Services LLC increased its position in shares of Fidelity Quality Factor ETF by 0.5% in the second quarter. Commonwealth Equity Services LLC now owns 143,831 shares of the company’s stock worth $8,820,000 after acquiring an additional 778 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Fidelity Quality Factor ETF by 8.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,313 shares of the company’s stock valued at $667,000 after acquiring an additional 876 shares during the period.

Fidelity Quality Factor ETF Price Performance

Fidelity Quality Factor ETF stock traded up $0.18 during midday trading on Friday, reaching $66.27. The stock had a trading volume of 4,728 shares, compared to its average volume of 96,446. Fidelity Quality Factor ETF has a twelve month low of $47.21 and a twelve month high of $66.58. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 20.41 and a beta of 0.95. The firm’s fifty day simple moving average is $63.74 and its two-hundred day simple moving average is $61.08.

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.