RWA Wealth Partners LLC Sells 1,014 Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL)

RWA Wealth Partners LLC lessened its holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 6.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,834 shares of the company’s stock after selling 1,014 shares during the period. RWA Wealth Partners LLC’s holdings in Fidelity Quality Factor ETF were worth $806,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FQAL. Parsons Capital Management Inc. RI bought a new stake in shares of Fidelity Quality Factor ETF in the fourth quarter valued at about $200,000. Allworth Financial LP grew its stake in shares of 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 acquiring an additional 1,060 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of Fidelity Quality Factor ETF by 7.2% during the fourth 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 during the last quarter. AE Wealth Management LLC grew its stake in shares of Fidelity Quality Factor ETF by 23.4% during the third quarter. AE Wealth Management LLC now owns 46,544 shares of the company’s stock worth $2,294,000 after acquiring an additional 8,828 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Fidelity Quality Factor ETF in the third quarter valued at approximately $297,000.

Fidelity Quality Factor ETF Stock Up 0.1 %

Shares of NYSEARCA FQAL opened at $56.76 on Thursday. The business’s 50 day moving average price is $57.47 and its 200 day moving average price is $54.34. The firm has a market cap of $851.40 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.

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.