GUNN & Co INVESTMENT MANAGEMENT INC. increased its holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL – Free Report) by 2,138.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,748 shares of the company’s stock after purchasing an additional 246,235 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. owned approximately 4.09% of Fidelity Quality Factor ETF worth $14,006,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Parsons Capital Management Inc. RI bought a new position in shares of Fidelity Quality Factor ETF in the fourth quarter valued at approximately $200,000. Weaver Consulting Group acquired a new position in Fidelity Quality Factor ETF during the 4th quarter worth $204,000. Raymond James Financial Services Advisors Inc. bought a new stake in Fidelity Quality Factor ETF during the fourth quarter valued at about $247,000. Tranquility Partners LLC acquired a new stake in shares of Fidelity Quality Factor ETF in the third quarter valued at about $248,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Fidelity Quality Factor ETF in the third quarter worth about $297,000.
Fidelity Quality Factor ETF Stock Up 1.6 %
Shares of NYSEARCA:FQAL opened at $57.22 on Friday. The company has a market cap of $889.77 million, a price-to-earnings ratio of 20.41 and a beta of 0.95. The business has a 50 day moving average price of $57.49 and a 200 day moving average price of $54.65. Fidelity Quality Factor ETF has a twelve month low of $46.43 and a twelve month high of $59.01.
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.
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