Beacon Financial Group Has $12.17 Million Stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Beacon Financial Group grew its stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 186,025 shares of the company’s stock after purchasing an additional 651 shares during the period. Fidelity Quality Factor ETF comprises approximately 1.3% of Beacon Financial Group’s investment portfolio, making the stock its 14th largest position. Beacon Financial Group’s holdings in Fidelity Quality Factor ETF were worth $12,172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. OmniStar Financial Group Inc. lifted its stake in Fidelity Quality Factor ETF by 12.4% in the 3rd quarter. OmniStar Financial Group Inc. now owns 20,964 shares of the company’s stock valued at $1,365,000 after purchasing an additional 2,312 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Fidelity Quality Factor ETF by 0.7% during the third quarter. Allworth Financial LP now owns 37,603 shares of the company’s stock worth $2,440,000 after buying an additional 250 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Fidelity Quality Factor ETF by 150.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 33,157 shares of the company’s stock valued at $2,152,000 after acquiring an additional 19,927 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Fidelity Quality Factor ETF by 92.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,760 shares of the company’s stock valued at $828,000 after acquiring an additional 6,145 shares in the last quarter. Finally, Valmark Advisers Inc. bought a new stake in Fidelity Quality Factor ETF during the 3rd quarter worth $411,000.

Fidelity Quality Factor ETF Stock Up 0.4 %

Shares of FQAL opened at $68.41 on Wednesday. The stock has a market cap of $1.06 billion, a PE ratio of 20.41 and a beta of 0.95. Fidelity Quality Factor ETF has a 12-month low of $55.13 and a 12-month high of $68.61. The business has a 50-day simple moving average of $66.92 and a two-hundred day simple moving average of $65.25.

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.