Valmark Advisers Inc. Has $1.13 Million Stock Position in Fidelity Quality Factor ETF $FQAL

Valmark Advisers Inc. raised its holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 12.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 16,283 shares of the company’s stock after acquiring an additional 1,793 shares during the period. Valmark Advisers Inc.’s holdings in Fidelity Quality Factor ETF were worth $1,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC increased its position in Fidelity Quality Factor ETF by 285.9% in the 1st quarter. Foundations Investment Advisors LLC now owns 13,905 shares of the company’s stock valued at $892,000 after acquiring an additional 10,302 shares during the period. Cyndeo Wealth Partners LLC acquired a new position in Fidelity Quality Factor ETF in the 1st quarter valued at approximately $341,000. Axxcess Wealth Management LLC bought a new stake in shares of Fidelity Quality Factor ETF in the 1st quarter valued at $202,000. Colony Family Offices LLC bought a new stake in shares of Fidelity Quality Factor ETF in the 2nd quarter valued at $239,000. Finally, Cetera Investment Advisers boosted its stake in shares of Fidelity Quality Factor ETF by 41.1% in the 1st quarter. Cetera Investment Advisers now owns 108,352 shares of the company’s stock valued at $6,952,000 after purchasing an additional 31,545 shares during the last quarter.

Fidelity Quality Factor ETF Stock Performance

NYSEARCA:FQAL opened at $74.69 on Friday. The firm’s fifty day moving average is $73.19 and its 200-day moving average is $68.71. Fidelity Quality Factor ETF has a 52 week low of $56.05 and a 52 week high of $75.52. The firm has a market cap of $1.12 billion, a P/E ratio of 25.46 and a beta of 0.98.

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.