AE Wealth Management LLC Sells 9,108 Shares of Fidelity Quality Factor ETF $FQAL

AE Wealth Management LLC reduced its holdings in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 47.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,051 shares of the company’s stock after selling 9,108 shares during the quarter. AE Wealth Management LLC owned 0.07% of Fidelity Quality Factor ETF worth $751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Fidelity Quality Factor ETF in the 2nd quarter worth approximately $33,000. Spire Wealth Management increased its position in Fidelity Quality Factor ETF by 22.4% in the third quarter. Spire Wealth Management now owns 808 shares of the company’s stock worth $60,000 after buying an additional 148 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Fidelity Quality Factor ETF during the second quarter valued at approximately $61,000. IFP Advisors Inc lifted its stake in shares of Fidelity Quality Factor ETF by 26.6% during the 2nd quarter. IFP Advisors Inc now owns 923 shares of the company’s stock valued at $64,000 after buying an additional 194 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Fidelity Quality Factor ETF by 37.2% in the second 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 Price Performance

FQAL stock opened at $76.32 on Wednesday. The business has a 50 day simple moving average of $76.16 and a two-hundred day simple moving average of $74.40. Fidelity Quality Factor ETF has a 1-year low of $56.05 and a 1-year high of $77.45. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 25.46 and a beta of 0.97.

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.