Keystone Wealth Services LLC Purchases 45,053 Shares of Fidelity Quality Factor ETF $FQAL

Keystone Wealth Services LLC lifted its position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 804.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,652 shares of the company’s stock after purchasing an additional 45,053 shares during the period. Fidelity Quality Factor ETF accounts for approximately 0.8% of Keystone Wealth Services LLC’s investment portfolio, making the stock its 25th biggest holding. Keystone Wealth Services LLC’s holdings in Fidelity Quality Factor ETF were worth $3,785,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FQAL. JPMorgan Chase & Co. boosted its stake in Fidelity Quality Factor ETF by 29.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 228,984 shares of the company’s stock valued at $15,944,000 after purchasing an additional 51,744 shares during the period. LVZ Inc. bought a new position in Fidelity Quality Factor ETF during the 2nd quarter worth $1,807,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Fidelity Quality Factor ETF during the second quarter worth $1,079,000. Cerity Partners LLC lifted its holdings in shares of Fidelity Quality Factor ETF by 70.4% during the second quarter. Cerity Partners LLC now owns 36,125 shares of the company’s stock worth $2,515,000 after buying an additional 14,923 shares in the last quarter. Finally, High Probability Advisors LLC boosted its position in shares of Fidelity Quality Factor ETF by 4.9% in the second quarter. High Probability Advisors LLC now owns 294,508 shares of the company’s stock valued at $20,507,000 after acquiring an additional 13,782 shares during the period.

Fidelity Quality Factor ETF Stock Performance

FQAL stock opened at $76.01 on Tuesday. Fidelity Quality Factor ETF has a 52 week low of $56.05 and a 52 week high of $76.77. The company has a market capitalization of $1.16 billion, a PE ratio of 25.46 and a beta of 0.97. The company’s 50-day simple moving average is $75.33 and its 200 day simple moving average is $73.36.

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.