Northwestern Mutual Wealth Management Co. Has $122.80 Million Stock Position in Fidelity Quality Factor ETF $FQAL

Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 6,154.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,624,514 shares of the company’s stock after purchasing an additional 1,598,541 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 10.62% of Fidelity Quality Factor ETF worth $122,797,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FQAL. Envestnet Asset Management Inc. increased its position in shares of Fidelity Quality Factor ETF by 5.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,156,911 shares of the company’s stock worth $86,444,000 after purchasing an additional 55,097 shares in the last quarter. Raymond James Financial Inc. increased its position in Fidelity Quality Factor ETF by 11,469.7% in the 3rd quarter. Raymond James Financial Inc. now owns 55,303 shares of the company’s stock valued at $4,132,000 after acquiring an additional 54,825 shares in the last quarter. Fullerton Advisors LLC acquired a new stake in Fidelity Quality Factor ETF in the 4th quarter valued at about $3,335,000. Hershey Financial Advisers LLC acquired a new stake in Fidelity Quality Factor ETF in the 3rd quarter valued at about $1,620,000. Finally, Silver Oak Securities Incorporated increased its position in Fidelity Quality Factor ETF by 318.3% in the 4th quarter. Silver Oak Securities Incorporated now owns 26,853 shares of the company’s stock valued at $2,046,000 after acquiring an additional 20,433 shares in the last quarter.

Fidelity Quality Factor ETF Trading Down 0.9%

FQAL opened at $79.56 on Friday. The stock has a market capitalization of $1.39 billion, a PE ratio of 25.46 and a beta of 0.95. Fidelity Quality Factor ETF has a 1-year low of $65.70 and a 1-year high of $80.47. The firm has a 50-day moving average price of $75.84 and a two-hundred day moving average price of $75.89.

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.