First Trust Direct Indexing L.P. Grows Holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

First Trust Direct Indexing L.P. grew its holdings in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,801 shares of the company’s stock after buying an additional 1,294 shares during the quarter. First Trust Direct Indexing L.P. owned 0.08% of Fidelity Quality Factor ETF worth $831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in Fidelity Quality Factor ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,126,222 shares of the company’s stock worth $69,060,000 after purchasing an additional 97,429 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Fidelity Quality Factor ETF by 16.9% during the first quarter. Kestra Advisory Services LLC now owns 522,914 shares of the company’s stock worth $30,821,000 after purchasing an additional 75,503 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Fidelity Quality Factor ETF by 0.5% during the second quarter. Commonwealth Equity Services LLC now owns 143,831 shares of the company’s stock worth $8,820,000 after purchasing an additional 778 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Fidelity Quality Factor ETF by 2.1% during the second quarter. Sunbelt Securities Inc. now owns 97,915 shares of the company’s stock worth $6,004,000 after purchasing an additional 2,056 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Fidelity Quality Factor ETF by 4.9% during the second quarter. Cetera Investment Advisers now owns 63,095 shares of the company’s stock worth $3,869,000 after purchasing an additional 2,958 shares during the last quarter.

Fidelity Quality Factor ETF Price Performance

Shares of FQAL opened at $64.59 on Friday. The business’s fifty day moving average price is $64.41 and its 200 day moving average price is $61.61. Fidelity Quality Factor ETF has a 12-month low of $48.97 and a 12-month high of $66.58. The stock has a market capitalization of $1.00 billion, a PE ratio of 20.41 and a beta of 0.95.

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.