Wells Fargo & Company MN Purchases 753 Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Wells Fargo & Company MN grew its position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 2,596.6% in the 4th quarter, HoldingsChannel reports. The fund owned 782 shares of the company’s stock after buying an additional 753 shares during the period. Wells Fargo & Company MN’s holdings in Fidelity Quality Factor ETF were worth $51,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FQAL. Kestra Investment Management LLC acquired a new stake in shares of Fidelity Quality Factor ETF in the 4th quarter worth about $125,000. Global Retirement Partners LLC increased its holdings in Fidelity Quality Factor ETF by 868.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,976 shares of the company’s stock worth $129,000 after purchasing an additional 1,772 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in Fidelity Quality Factor ETF by 140.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 2,183 shares of the company’s stock worth $143,000 after purchasing an additional 1,276 shares in the last quarter. Capital Investment Counsel Inc purchased a new stake in shares of Fidelity Quality Factor ETF in the fourth quarter worth approximately $168,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of Fidelity Quality Factor ETF in the fourth quarter valued at approximately $236,000.

Fidelity Quality Factor ETF Stock Up 0.6%

Shares of NYSEARCA:FQAL opened at $66.88 on Wednesday. The business’s 50 day moving average is $63.08 and its 200 day moving average is $65.62. Fidelity Quality Factor ETF has a 12-month low of $56.05 and a 12-month high of $69.23. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 25.61 and a beta of 0.99.

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.