Fidelity Quality Factor ETF (NYSEARCA:FQAL) Hits New 1-Year High – What’s Next?

Fidelity Quality Factor ETF (NYSEARCA:FQAL) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $85.52 and last traded at $85.52, with a volume of 1870 shares changing hands. The stock had previously closed at $84.94.

Fidelity Quality Factor ETF Stock Up 0.4%

The company has a market capitalization of $1.47 billion, a P/E ratio of 25.46 and a beta of 0.94. The business has a fifty day moving average price of $81.70 and a 200 day moving average price of $78.53.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

Institutional investors have recently bought and sold shares of the company. Elyxium Wealth LLC bought a new position in shares of Fidelity Quality Factor ETF during the 4th quarter worth approximately $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Fidelity Quality Factor ETF during the fourth quarter worth $33,000. Raymond James Financial Inc. acquired a new position in Fidelity Quality Factor ETF during the second quarter worth $33,000. Assetmark Inc. grew its position in Fidelity Quality Factor ETF by 120.7% in the first quarter. Assetmark Inc. now owns 587 shares of the company’s stock valued at $43,000 after purchasing an additional 321 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in Fidelity Quality Factor ETF in the first quarter valued at $46,000.

About Fidelity Quality Factor ETF

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.