Valmark Advisers Inc. Boosts Stock Position in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Valmark Advisers Inc. increased its stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 97.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,526 shares of the company’s stock after buying an additional 6,186 shares during the period. Valmark Advisers Inc. owned 0.08% of Fidelity Quality Factor ETF worth $820,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Fidelity Quality Factor ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 33,879 shares of the company’s stock worth $2,199,000 after buying an additional 2,742 shares in the last quarter. Cerity Partners LLC boosted its holdings in Fidelity Quality Factor ETF by 5.7% in the third quarter. Cerity Partners LLC now owns 22,187 shares of the company’s stock worth $1,440,000 after purchasing an additional 1,199 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Fidelity Quality Factor ETF by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,402 shares of the company’s stock worth $2,168,000 after purchasing an additional 245 shares during the last quarter. Smith Chas P & Associates PA Cpas boosted its holdings in Fidelity Quality Factor ETF by 0.7% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 236,445 shares of the company’s stock worth $15,471,000 after purchasing an additional 1,551 shares during the last quarter. Finally, Colony Family Offices LLC boosted its holdings in Fidelity Quality Factor ETF by 102.4% in the third quarter. Colony Family Offices LLC now owns 7,263 shares of the company’s stock worth $471,000 after purchasing an additional 3,675 shares during the last quarter.

Fidelity Quality Factor ETF Trading Down 0.1 %

Shares of FQAL stock opened at $68.74 on Tuesday. Fidelity Quality Factor ETF has a 12-month low of $55.40 and a 12-month high of $68.98. The firm’s 50 day moving average is $66.94 and its 200 day moving average is $65.50. The stock has a market capitalization of $1.07 billion, a P/E 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.