Capital Investment Counsel Inc Makes New Investment in Fidelity Quality Factor ETF (NYSEARCA:FQAL)

Capital Investment Counsel Inc purchased a new position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) in the fourth quarter, Holdings Channel.com reports. The firm purchased 2,570 shares of the company’s stock, valued at approximately $168,000.

A number of other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of Fidelity Quality Factor ETF by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 33,879 shares of the company’s stock worth $2,199,000 after purchasing an additional 2,742 shares in the last quarter. Cerity Partners LLC increased its position in shares of Fidelity Quality Factor ETF by 5.7% during the third quarter. Cerity Partners LLC now owns 22,187 shares of the company’s stock worth $1,440,000 after purchasing an additional 1,199 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Fidelity Quality Factor ETF by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,402 shares of the company’s stock worth $2,168,000 after purchasing an additional 245 shares in the last quarter. Smith Chas P & Associates PA Cpas increased its position in shares of Fidelity Quality Factor ETF by 0.7% during the fourth quarter. Smith Chas P & Associates PA Cpas now owns 236,445 shares of the company’s stock worth $15,471,000 after purchasing an additional 1,551 shares in the last quarter. Finally, Colony Family Offices LLC increased its position in shares of Fidelity Quality Factor ETF by 102.4% during the third quarter. Colony Family Offices LLC now owns 7,263 shares of the company’s stock worth $471,000 after purchasing an additional 3,675 shares in the last quarter.

Fidelity Quality Factor ETF Stock Performance

FQAL opened at $67.97 on Friday. The business’s 50-day simple moving average is $67.01 and its 200-day simple moving average is $65.67. Fidelity Quality Factor ETF has a one year low of $55.46 and a one year high of $69.23. The stock has a market capitalization of $1.06 billion, a P/E ratio of 20.41 and a beta of 0.95.

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.