EWG Elevate Inc. Invests $971,000 in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

EWG Elevate Inc. purchased a new position in Fidelity Quality Factor ETF (NYSEARCA:FQAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,840 shares of the company’s stock, valued at approximately $971,000. EWG Elevate Inc. owned about 0.10% of Fidelity Quality Factor ETF at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in Fidelity Quality Factor ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,126,222 shares of the company’s stock worth $69,060,000 after acquiring an additional 97,429 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Fidelity Quality Factor ETF by 5.7% in the third quarter. Sunbelt Securities Inc. now owns 103,479 shares of the company’s stock valued at $6,716,000 after purchasing an additional 5,564 shares during the period. Cetera Investment Advisers grew its stake in Fidelity Quality Factor ETF by 4.9% in 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 in the last quarter. AE Wealth Management LLC increased its holdings in Fidelity Quality Factor ETF by 16.1% during the 2nd quarter. AE Wealth Management LLC now owns 55,885 shares of the company’s stock worth $3,427,000 after purchasing an additional 7,759 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in Fidelity Quality Factor ETF by 1.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 38,352 shares of the company’s stock valued at $2,488,000 after purchasing an additional 472 shares in the last quarter.

Fidelity Quality Factor ETF Trading Down 1.3 %

FQAL opened at $64.94 on Monday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 20.41 and a beta of 0.95. Fidelity Quality Factor ETF has a 12-month low of $53.54 and a 12-month high of $68.61. The business’s fifty day simple moving average is $66.83 and its 200-day simple moving average is $64.50.

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.