Fidelity Quality Factor ETF (NYSEARCA:FQAL) Shares Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. increased its holdings in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,756 shares of the company’s stock after buying an additional 976 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Fidelity Quality Factor ETF were worth $956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FQAL. Cerity Partners LLC lifted its position in Fidelity Quality Factor ETF by 5.7% during the 3rd quarter. Cerity Partners LLC now owns 22,187 shares of the company’s stock worth $1,440,000 after acquiring an additional 1,199 shares during the period. Citizens & Northern Corp purchased a new stake in Fidelity Quality Factor ETF in the second quarter valued at approximately $2,185,000. J.W. Cole Advisors Inc. acquired a new position in Fidelity Quality Factor ETF in the 2nd quarter worth approximately $406,000. Envestnet Asset Management Inc. raised its position in Fidelity Quality Factor ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,126,222 shares of the company’s stock worth $69,060,000 after buying an additional 97,429 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in Fidelity Quality Factor ETF during the 2nd quarter worth approximately $26,000.

Fidelity Quality Factor ETF Price Performance

NYSEARCA FQAL opened at $67.60 on Wednesday. The company has a fifty day moving average of $66.67 and a 200 day moving average of $63.80. The company has a market capitalization of $1.05 billion, a PE ratio of 20.41 and a beta of 0.95. Fidelity Quality Factor ETF has a 1 year low of $53.19 and a 1 year high of $68.61.

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.