Parsons Capital Management Inc. RI Purchases New Position in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Parsons Capital Management Inc. RI purchased a new stake in Fidelity Quality Factor ETF (NYSEARCA:FQALFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,685 shares of the company’s stock, valued at approximately $200,000. Parsons Capital Management Inc. RI owned approximately 0.06% of Fidelity Quality Factor ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FQAL. Jane Street Group LLC purchased a new position in shares of Fidelity Quality Factor ETF in the 1st quarter valued at about $4,136,000. Bank of America Corp DE increased its stake in Fidelity Quality Factor ETF by 1.1% during the 1st quarter. Bank of America Corp DE now owns 39,898 shares of the company’s stock worth $2,085,000 after buying an additional 417 shares in the last quarter. FMR LLC increased its stake in Fidelity Quality Factor ETF by 28.9% during the 2nd quarter. FMR LLC now owns 516,910 shares of the company’s stock worth $22,858,000 after buying an additional 115,963 shares in the last quarter. LPL Financial LLC increased its stake in Fidelity Quality Factor ETF by 4.3% during the 2nd quarter. LPL Financial LLC now owns 32,566 shares of the company’s stock worth $1,440,000 after buying an additional 1,347 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in Fidelity Quality Factor ETF during the 2nd quarter worth approximately $1,585,000.

Fidelity Quality Factor ETF Stock Performance

NYSEARCA:FQAL opened at $58.37 on Thursday. Fidelity Quality Factor ETF has a 12 month low of $46.43 and a 12 month high of $59.01. The stock has a 50 day moving average of $57.05 and a two-hundred day moving average of $53.56. The firm has a market cap of $367.73 million, a P/E ratio of 16.82 and a beta of 0.98.

Fidelity Quality Factor ETF Profile

(Free Report)

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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Institutional Ownership by Quarter for Fidelity Quality Factor ETF (NYSEARCA:FQAL)

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