Northwestern Mutual Wealth Management Co. Has $5.90 Million Position in Fidelity Quality Factor ETF $FQAL

Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 200.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,050 shares of the company’s stock after buying an additional 52,077 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.51% of Fidelity Quality Factor ETF worth $5,900,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Elyxium Wealth LLC acquired a new position in shares of Fidelity Quality Factor ETF during the 4th quarter worth about $31,000. Raymond James Financial Inc. acquired a new position in shares of Fidelity Quality Factor ETF during the 2nd quarter worth about $33,000. Cornerstone Planning Group LLC acquired a new position in shares of Fidelity Quality Factor ETF during the 3rd quarter worth about $38,000. CIBC Private Wealth Group LLC grew its position in shares of Fidelity Quality Factor ETF by 23.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 890 shares of the company’s stock worth $67,000 after buying an additional 168 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in shares of Fidelity Quality Factor ETF by 37.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,294 shares of the company’s stock worth $90,000 after buying an additional 351 shares during the period.

Fidelity Quality Factor ETF Stock Performance

Shares of FQAL opened at $81.25 on Thursday. The stock has a 50 day simple moving average of $77.46 and a 200 day simple moving average of $76.41. Fidelity Quality Factor ETF has a 52-week low of $66.80 and a 52-week high of $81.71. The firm has a market capitalization of $1.42 billion, a PE ratio of 25.46 and a beta of 0.95.

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.