Northwestern Mutual Wealth Management Co. raised its stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL – Free Report) by 6,154.6% in the 4th quarter, HoldingsChannel reports. The fund owned 1,624,514 shares of the company’s stock after buying an additional 1,598,541 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.11% of Fidelity Quality Factor ETF worth $122,797,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Fidelity Quality Factor ETF in the 2nd quarter valued at about $33,000. Cornerstone Planning Group LLC bought a new position in shares of Fidelity Quality Factor ETF in the 3rd quarter valued at about $38,000. CIBC Private Wealth Group LLC boosted its stake in shares of 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 purchasing an additional 168 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of 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 purchasing an additional 351 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of Fidelity Quality Factor ETF in the 2nd quarter valued at about $162,000.
Fidelity Quality Factor ETF Trading Down 0.9%
Shares of NYSEARCA FQAL opened at $79.56 on Friday. The firm has a market capitalization of $1.39 billion, a PE ratio of 25.46 and a beta of 0.95. Fidelity Quality Factor ETF has a 1 year low of $65.70 and a 1 year high of $80.47. The firm’s 50-day moving average is $75.84 and its 200-day moving average is $75.89.
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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