Sagespring Wealth Partners LLC boosted its holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL – Free Report) by 3.9% during the second quarter, HoldingsChannel reports. The fund owned 119,494 shares of the company’s stock after buying an additional 4,499 shares during the period. Sagespring Wealth Partners LLC’s holdings in Fidelity Quality Factor ETF were worth $8,320,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC purchased a new stake in Fidelity Quality Factor ETF in the first quarter valued at approximately $56,000. IFP Advisors Inc raised its position in Fidelity Quality Factor ETF by 26.6% in the second quarter. IFP Advisors Inc now owns 923 shares of the company’s stock valued at $64,000 after purchasing an additional 194 shares during the period. Clarity Asset Management Inc. raised its position in Fidelity Quality Factor ETF by 99.6% in the first quarter. Clarity Asset Management Inc. now owns 1,056 shares of the company’s stock valued at $68,000 after purchasing an additional 527 shares during the period. Stone House Investment Management LLC purchased a new stake in Fidelity Quality Factor ETF in the first quarter valued at approximately $76,000. Finally, CWM LLC purchased a new stake in Fidelity Quality Factor ETF in the second quarter valued at approximately $133,000.
Fidelity Quality Factor ETF Stock Up 1.4%
Shares of NYSEARCA FQAL opened at $74.03 on Tuesday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 25.46 and a beta of 0.98. Fidelity Quality Factor ETF has a 52-week low of $56.05 and a 52-week high of $75.52. The business’s 50 day moving average is $73.30 and its two-hundred day moving average is $68.88.
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.
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Want to see what other hedge funds are holding FQAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Quality Factor ETF (NYSEARCA:FQAL – Free Report).
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