Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL – Free Report) by 200.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 78,050 shares of the company’s stock after buying an additional 52,077 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity Quality Factor ETF were worth $5,900,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Elyxium Wealth LLC acquired a new position in shares of Fidelity Quality Factor ETF in the 4th quarter valued at approximately $31,000. Raymond James Financial Inc. bought a new stake in Fidelity Quality Factor ETF in the 2nd quarter valued at approximately $33,000. Cornerstone Planning Group LLC bought a new stake in Fidelity Quality Factor ETF in the 3rd quarter valued at approximately $38,000. CIBC Private Wealth Group LLC lifted its stake in Fidelity Quality Factor ETF by 23.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 890 shares of the company’s stock valued at $67,000 after acquiring an additional 168 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in Fidelity Quality Factor ETF by 37.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,294 shares of the company’s stock valued at $90,000 after acquiring an additional 351 shares in the last quarter.
Fidelity Quality Factor ETF Stock Performance
NYSEARCA FQAL opened at $81.25 on Thursday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 25.46 and a beta of 0.95. The stock’s 50 day moving average price is $77.46 and its two-hundred day moving average price is $76.41. Fidelity Quality Factor ETF has a 52 week low of $66.80 and a 52 week high of $81.71.
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.
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