JPMorgan Chase & Co. Buys 51,744 Shares of Fidelity Quality Factor ETF $FQAL

JPMorgan Chase & Co. lifted its stake in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 29.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,984 shares of the company’s stock after purchasing an additional 51,744 shares during the period. JPMorgan Chase & Co. owned approximately 1.54% of Fidelity Quality Factor ETF worth $15,944,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC lifted its holdings in Fidelity Quality Factor ETF by 17.7% during the 1st quarter. LPL Financial LLC now owns 63,577 shares of the company’s stock worth $4,079,000 after buying an additional 9,566 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Fidelity Quality Factor ETF by 6.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the company’s stock valued at $178,000 after purchasing an additional 158 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in shares of Fidelity Quality Factor ETF by 18.4% during the 1st quarter. Atria Wealth Solutions Inc. now owns 21,387 shares of the company’s stock worth $1,372,000 after buying an additional 3,327 shares during the period. Stone House Investment Management LLC acquired a new stake in Fidelity Quality Factor ETF during the 1st quarter worth $76,000. Finally, Kestra Advisory Services LLC increased its holdings in Fidelity Quality Factor ETF by 2.8% in the first quarter. Kestra Advisory Services LLC now owns 555,932 shares of the company’s stock valued at $35,669,000 after purchasing an additional 15,054 shares during the last quarter.

Fidelity Quality Factor ETF Price Performance

Shares of FQAL stock opened at $75.90 on Friday. The stock has a market cap of $1.15 billion, a PE ratio of 25.46 and a beta of 0.97. The stock has a 50-day moving average of $74.76 and a 200-day moving average of $72.09. Fidelity Quality Factor ETF has a one year low of $56.05 and a one year high of $76.32.

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.