First Trust Direct Indexing L.P. Purchases 1,294 Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL)

First Trust Direct Indexing L.P. increased its position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 11.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,801 shares of the company’s stock after acquiring an additional 1,294 shares during the period. First Trust Direct Indexing L.P.’s holdings in Fidelity Quality Factor ETF were worth $831,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valmark Advisers Inc. bought a new stake in shares of Fidelity Quality Factor ETF in the 3rd quarter valued at about $411,000. J.W. Cole Advisors Inc. grew its position in shares of Fidelity Quality Factor ETF by 92.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,760 shares of the company’s stock valued at $828,000 after buying an additional 6,145 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Fidelity Quality Factor ETF by 150.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 33,157 shares of the company’s stock valued at $2,152,000 after buying an additional 19,927 shares during the last quarter. Allworth Financial LP grew its position in shares of Fidelity Quality Factor ETF by 0.7% in the 3rd quarter. Allworth Financial LP now owns 37,603 shares of the company’s stock valued at $2,440,000 after buying an additional 250 shares during the last quarter. Finally, OmniStar Financial Group Inc. grew its position in shares of Fidelity Quality Factor ETF by 12.4% in the 3rd quarter. OmniStar Financial Group Inc. now owns 20,964 shares of the company’s stock valued at $1,365,000 after buying an additional 2,312 shares during the last quarter.

Fidelity Quality Factor ETF Trading Down 0.1 %

NYSEARCA FQAL opened at $64.59 on Friday. The business’s 50-day moving average price is $64.41 and its two-hundred day moving average price is $61.61. Fidelity Quality Factor ETF has a 12 month low of $48.97 and a 12 month high of $66.58. The firm has a market capitalization of $1.00 billion, a PE ratio of 20.41 and a beta of 0.95.

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.