LPL Financial LLC Has $3.53 Million Stock Position in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

LPL Financial LLC grew its stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 18.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,011 shares of the company’s stock after buying an additional 8,384 shares during the quarter. LPL Financial LLC’s holdings in Fidelity Quality Factor ETF were worth $3,534,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its stake in Fidelity Quality Factor ETF by 39.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,345 shares of the company’s stock worth $1,200,000 after purchasing an additional 5,206 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Fidelity Quality Factor ETF by 8.1% during the fourth quarter. Kestra Advisory Services LLC now owns 540,878 shares of the company’s stock worth $35,390,000 after buying an additional 40,404 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Fidelity Quality Factor ETF by 7.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 134,495 shares of the company’s stock worth $8,800,000 after buying an additional 9,225 shares in the last quarter. Independent Advisor Alliance raised its position in Fidelity Quality Factor ETF by 1.1% in the 4th quarter. Independent Advisor Alliance now owns 18,591 shares of the company’s stock valued at $1,216,000 after buying an additional 197 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in Fidelity Quality Factor ETF by 140.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 2,183 shares of the company’s stock valued at $143,000 after acquiring an additional 1,276 shares in the last quarter.

Fidelity Quality Factor ETF Stock Down 2.5 %

Shares of FQAL opened at $60.57 on Friday. Fidelity Quality Factor ETF has a twelve month low of $55.46 and a twelve month high of $69.23. The stock has a market capitalization of $978.21 million, a P/E ratio of 25.37 and a beta of 0.99. The company has a 50 day moving average of $65.25 and a 200-day moving average of $65.99.

Fidelity Quality Factor ETF Company 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.