Beacon Financial Group Sells 7,378 Shares of Fidelity Quality Factor ETF $FQAL

Beacon Financial Group lowered its stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 4.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,529 shares of the company’s stock after selling 7,378 shares during the quarter. Fidelity Quality Factor ETF accounts for 1.1% of Beacon Financial Group’s portfolio, making the stock its 22nd largest position. Beacon Financial Group’s holdings in Fidelity Quality Factor ETF were worth $11,322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FQAL. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity Quality Factor ETF by 29.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 228,984 shares of the company’s stock valued at $15,944,000 after buying an additional 51,744 shares during the period. LVZ Inc. bought a new stake in shares of Fidelity Quality Factor ETF in the second quarter worth $1,807,000. B. Riley Wealth Advisors Inc. purchased a new stake in Fidelity Quality Factor ETF during the second quarter valued at $1,079,000. Kestra Advisory Services LLC increased its position in Fidelity Quality Factor ETF by 2.8% during the first quarter. Kestra Advisory Services LLC now owns 555,932 shares of the company’s stock valued at $35,669,000 after acquiring an additional 15,054 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in Fidelity Quality Factor ETF by 70.4% in the second quarter. Cerity Partners LLC now owns 36,125 shares of the company’s stock valued at $2,515,000 after acquiring an additional 14,923 shares during the period.

Fidelity Quality Factor ETF Stock Down 1.1%

Fidelity Quality Factor ETF stock opened at $74.54 on Thursday. The business has a 50-day simple moving average of $74.87 and a two-hundred day simple moving average of $72.58. The company has a market cap of $1.13 billion, a P/E ratio of 25.46 and a beta of 0.97. Fidelity Quality Factor ETF has a 52-week low of $56.05 and a 52-week high of $76.43.

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.