Beverly Hills Private Wealth LLC Makes New $360,000 Investment in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Beverly Hills Private Wealth LLC bought a new stake in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,630 shares of the company’s stock, valued at approximately $360,000.

Other large investors also recently modified their holdings of the company. Prime Capital Investment Advisors LLC boosted its position in shares of Fidelity Quality Factor ETF by 7.2% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 7,478 shares of the company’s stock worth $406,000 after acquiring an additional 504 shares in the last quarter. Allworth Financial LP lifted its stake in Fidelity Quality Factor ETF by 2.7% during the fourth quarter. Allworth Financial LP now owns 39,704 shares of the company’s stock worth $2,158,000 after purchasing an additional 1,060 shares during the last quarter. LVZ Inc. acquired a new stake in shares of Fidelity Quality Factor ETF in the 4th quarter valued at $2,255,000. Parsons Capital Management Inc. RI acquired a new stake in shares of Fidelity Quality Factor ETF in the 4th quarter valued at $200,000. Finally, Weaver Consulting Group bought a new position in shares of Fidelity Quality Factor ETF in the 4th quarter valued at $204,000.

Fidelity Quality Factor ETF Stock Performance

Fidelity Quality Factor ETF stock opened at $56.61 on Tuesday. The stock has a fifty day moving average of $57.42 and a 200-day moving average of $54.02. The stock has a market capitalization of $849.15 million, a P/E ratio of 20.94 and a beta of 0.95. Fidelity Quality Factor ETF has a 52 week low of $46.43 and a 52 week high of $59.01.

Fidelity Quality Factor ETF Company 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.