Newfound Research LLC Has $1.44 Million Stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Newfound Research LLC decreased its stake in Fidelity Quality Factor ETF (NYSEARCA:FQALGet Rating) by 21.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,471 shares of the company’s stock after selling 8,623 shares during the quarter. Fidelity Quality Factor ETF accounts for about 3.0% of Newfound Research LLC’s portfolio, making the stock its 11th largest position. Newfound Research LLC’s holdings in Fidelity Quality Factor ETF were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. ARGI Investment Services LLC lifted its stake in Fidelity Quality Factor ETF by 1.3% in the first quarter. ARGI Investment Services LLC now owns 23,162 shares of the company’s stock valued at $1,211,000 after buying an additional 304 shares during the period. Bank of America Corp DE raised its position in shares of Fidelity Quality Factor ETF by 1.1% during the first quarter. Bank of America Corp DE now owns 39,898 shares of the company’s stock worth $2,085,000 after purchasing an additional 417 shares during the period. Biondo Investment Advisors LLC raised its position in shares of Fidelity Quality Factor ETF by 2.0% during the first quarter. Biondo Investment Advisors LLC now owns 22,769 shares of the company’s stock worth $1,190,000 after purchasing an additional 440 shares during the period. Herold Advisors Inc. acquired a new stake in shares of Fidelity Quality Factor ETF during the first quarter worth about $29,000. Finally, Spire Wealth Management raised its position in shares of Fidelity Quality Factor ETF by 39.1% during the first quarter. Spire Wealth Management now owns 2,503 shares of the company’s stock worth $131,000 after purchasing an additional 703 shares during the period.

Fidelity Quality Factor ETF Trading Down 2.5 %

Shares of NYSEARCA FQAL traded down $1.10 during mid-day trading on Friday, reaching $42.28. 102 shares of the company’s stock were exchanged, compared to its average volume of 50,506. The business has a fifty day simple moving average of $46.99 and a 200 day simple moving average of $47.76. Fidelity Quality Factor ETF has a twelve month low of $42.49 and a twelve month high of $56.58.

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Institutional Ownership by Quarter for Fidelity Quality Factor ETF (NYSEARCA:FQAL)

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