Navalign LLC cut its holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL – Free Report) by 63.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,166 shares of the company’s stock after selling 13,990 shares during the quarter. Navalign LLC’s holdings in Fidelity Quality Factor ETF were worth $444,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Halpern Financial Inc. bought a new stake in Fidelity Quality Factor ETF during the second quarter worth about $25,000. PNC Financial Services Group Inc. bought a new position in shares of Fidelity Quality Factor ETF in the 2nd quarter worth $25,000. UBS Group AG grew its position in Fidelity Quality Factor ETF by 3,682.4% in the 3rd quarter. UBS Group AG now owns 643 shares of the company’s stock worth $27,000 after purchasing an additional 626 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Fidelity Quality Factor ETF during the fourth quarter valued at about $48,000. Finally, Wells Fargo & Company MN raised its position in Fidelity Quality Factor ETF by 360,000.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,601 shares of the company’s stock worth $160,000 after acquiring an additional 3,600 shares during the period.
Fidelity Quality Factor ETF Price Performance
FQAL stock traded up $0.13 during midday trading on Thursday, reaching $58.94. The company had a trading volume of 95,534 shares, compared to its average volume of 156,989. Fidelity Quality Factor ETF has a 1 year low of $46.32 and a 1 year high of $59.01. The company has a market capitalization of $371.33 million, a P/E ratio of 16.82 and a beta of 0.98. The firm has a 50-day moving average price of $56.77 and a 200-day moving average price of $53.34.
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.
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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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