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 Friday . The company traded as high as $82.00 and last traded at $82.00, with a volume of 1250 shares traded. The stock had previously closed at $81.80.

Fidelity Quality Factor ETF Stock Up 0.1%

The stock has a market cap of $1.43 billion, a PE ratio of 25.46 and a beta of 0.94. The firm has a 50 day moving average price of $80.37 and a 200 day moving average price of $77.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FQAL. Elyxium Wealth LLC bought a new stake in shares of 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 bought a new position in shares of Fidelity Quality Factor ETF during the fourth quarter valued at approximately $33,000. Raymond James Financial Inc. purchased a new position in Fidelity Quality Factor ETF during the second quarter valued at approximately $33,000. Assetmark Inc. increased its holdings in Fidelity Quality Factor ETF by 120.7% during the first quarter. Assetmark Inc. now owns 587 shares of the company’s stock valued at $43,000 after buying an additional 321 shares during the period. Finally, Western Wealth Management LLC bought a new position in Fidelity Quality Factor ETF in the first quarter worth approximately $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.