RWA Wealth Partners LLC Has $806,000 Stake in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

RWA Wealth Partners LLC decreased its position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,834 shares of the company’s stock after selling 1,014 shares during the period. RWA Wealth Partners LLC owned about 0.24% of Fidelity Quality Factor ETF worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FQAL. Parsons Capital Management Inc. RI bought a new stake in shares of Fidelity Quality Factor ETF during the fourth quarter valued at approximately $200,000. Allworth Financial LP boosted its stake in Fidelity Quality Factor ETF by 2.7% in the fourth quarter. Allworth Financial LP now owns 39,704 shares of the company’s stock valued at $2,158,000 after acquiring an additional 1,060 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its stake in Fidelity Quality Factor ETF by 7.2% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 7,478 shares of the company’s stock valued at $406,000 after acquiring an additional 504 shares during the last quarter. AE Wealth Management LLC boosted its stake in Fidelity Quality Factor ETF by 23.4% in the third quarter. AE Wealth Management LLC now owns 46,544 shares of the company’s stock valued at $2,294,000 after acquiring an additional 8,828 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Fidelity Quality Factor ETF in the third quarter valued at approximately $297,000.

Fidelity Quality Factor ETF Stock Performance

Shares of FQAL stock opened at $56.76 on Thursday. Fidelity Quality Factor ETF has a 52-week low of $46.43 and a 52-week high of $59.01. The stock has a market cap of $851.40 million, a PE ratio of 20.94 and a beta of 0.95. The firm’s 50 day moving average price is $57.47 and its two-hundred day moving average price is $54.34.

Fidelity Quality Factor ETF 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.