Independent Advisor Alliance Reduces Holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Independent Advisor Alliance reduced its position in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 8.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 18,394 shares of the company’s stock after selling 1,631 shares during the period. Independent Advisor Alliance’s holdings in Fidelity Quality Factor ETF were worth $1,194,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in Fidelity Quality Factor ETF during the 2nd quarter worth $26,000. Hurlow Wealth Management Group Inc. purchased a new position in shares of Fidelity Quality Factor ETF during the second quarter worth about $214,000. Beaumont Financial Advisors LLC acquired a new position in Fidelity Quality Factor ETF in the 3rd quarter valued at about $255,000. Sigma Planning Corp increased its position in Fidelity Quality Factor ETF by 31.2% in the 3rd quarter. Sigma Planning Corp now owns 5,324 shares of the company’s stock valued at $346,000 after acquiring an additional 1,266 shares during the period. Finally, J.W. Cole Advisors Inc. purchased a new stake in Fidelity Quality Factor ETF during the 2nd quarter valued at approximately $406,000.

Fidelity Quality Factor ETF Trading Up 0.5 %

Shares of FQAL stock opened at $67.83 on Wednesday. The company has a market capitalization of $1.05 billion, a P/E ratio of 20.41 and a beta of 0.95. The business’s 50 day moving average is $65.60 and its two-hundred day moving average is $62.85. Fidelity Quality Factor ETF has a twelve month low of $51.85 and a twelve month high of $67.90.

Fidelity Quality Factor ETF 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.