Sovran Advisors LLC Buys Shares of 14,518 Fidelity Quality Factor ETF $FQAL

Sovran Advisors LLC bought a new position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 14,518 shares of the company’s stock, valued at approximately $1,137,000. Sovran Advisors LLC owned approximately 0.08% of Fidelity Quality Factor ETF as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in FQAL. Elyxium Wealth LLC purchased a new position in shares of Fidelity Quality Factor ETF in the 4th quarter valued at about $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Fidelity Quality Factor ETF during the fourth quarter worth about $33,000. Raymond James Financial Inc. purchased a new stake in Fidelity Quality Factor ETF during the second quarter worth about $33,000. CIBC Private Wealth Group LLC grew its position in Fidelity Quality Factor ETF by 23.3% during the third quarter. CIBC Private Wealth Group LLC now owns 890 shares of the company’s stock worth $67,000 after buying an additional 168 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in Fidelity Quality Factor ETF by 37.2% during the second quarter. Qube Research & Technologies Ltd now owns 1,294 shares of the company’s stock worth $90,000 after buying an additional 351 shares during the period.

Fidelity Quality Factor ETF Stock Performance

Shares of Fidelity Quality Factor ETF stock opened at $82.36 on Monday. The company has a 50-day moving average of $80.46 and a two-hundred day moving average of $77.49. Fidelity Quality Factor ETF has a 12-month low of $69.45 and a 12-month high of $82.36. The stock has a market cap of $1.42 billion, a PE ratio of 25.46 and a beta of 0.94.

Fidelity Quality Factor ETF 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.