High Probability Advisors LLC Grows Stock Holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

High Probability Advisors LLC boosted its stake in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 1.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 273,237 shares of the company’s stock after purchasing an additional 4,563 shares during the quarter. Fidelity Quality Factor ETF comprises 3.2% of High Probability Advisors LLC’s portfolio, making the stock its 14th biggest holding. High Probability Advisors LLC’s holdings in Fidelity Quality Factor ETF were worth $17,878,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cerity Partners LLC grew its holdings in shares of Fidelity Quality Factor ETF by 5.7% in the 3rd quarter. Cerity Partners LLC now owns 22,187 shares of the company’s stock worth $1,440,000 after acquiring an additional 1,199 shares during the period. JPMorgan Chase & Co. boosted its position in Fidelity Quality Factor ETF by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 33,879 shares of the company’s stock worth $2,199,000 after purchasing an additional 2,742 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Fidelity Quality Factor ETF by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,402 shares of the company’s stock valued at $2,168,000 after purchasing an additional 245 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of Fidelity Quality Factor ETF by 2.1% in the second quarter. Sunbelt Securities Inc. now owns 97,915 shares of the company’s stock valued at $6,004,000 after buying an additional 2,056 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Fidelity Quality Factor ETF by 4.9% during the 2nd quarter. Cetera Investment Advisers now owns 63,095 shares of the company’s stock worth $3,869,000 after buying an additional 2,958 shares during the last quarter.

Fidelity Quality Factor ETF Stock Up 0.5 %

Fidelity Quality Factor ETF stock opened at $67.94 on Friday. The firm’s 50-day simple moving average is $66.78 and its 200 day simple moving average is $64.74. Fidelity Quality Factor ETF has a 52 week low of $54.69 and a 52 week high of $68.61. The firm has a market capitalization of $1.06 billion, a PE ratio of 20.41 and a beta of 0.95.

Fidelity Quality Factor ETF Company 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.