Fidelity Quality Factor ETF (NYSEARCA:FQAL) Hits New 12-Month High – Here’s What Happened

Fidelity Quality Factor ETF (NYSEARCA:FQAL)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $78.39 and last traded at $78.36, with a volume of 29187 shares trading hands. The stock had previously closed at $77.58.

Fidelity Quality Factor ETF Trading Up 1.0%

The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 25.46 and a beta of 0.97. The stock has a 50-day moving average price of $75.36 and a 200 day moving average price of $75.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Elyxium Wealth LLC purchased a new position in Fidelity Quality Factor ETF in the 4th quarter valued at about $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Fidelity Quality Factor ETF in the 4th quarter valued at about $33,000. Raymond James Financial Inc. purchased a new position in Fidelity Quality Factor ETF in the 2nd quarter valued at about $33,000. Cornerstone Planning Group LLC purchased a new position in Fidelity Quality Factor ETF in the 3rd quarter valued at about $38,000. Finally, Spire Wealth Management lifted its stake in Fidelity Quality Factor ETF by 22.4% in the 3rd quarter. Spire Wealth Management now owns 808 shares of the company’s stock valued at $60,000 after buying an additional 148 shares in the last quarter.

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.