Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sees Unusually-High Trading Volume – Time to Buy?

Fidelity Quality Factor ETF (NYSEARCA:FQAL) shares saw unusually-strong trading volume on Monday . Approximately 37,270 shares were traded during trading, a decline of 32% from the previous session’s volume of 54,609 shares.The stock last traded at $82.18 and had previously closed at $81.54.

Fidelity Quality Factor ETF Price Performance

The company has a market cap of $1.40 billion, a P/E ratio of 25.46 and a beta of 0.94. The stock has a 50-day moving average of $80.99 and a 200 day moving average of $77.89.

Institutional Trading of Fidelity Quality Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in Fidelity Quality Factor ETF in the fourth quarter valued at approximately $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Fidelity Quality Factor ETF during the fourth quarter worth $33,000. Raymond James Financial Inc. bought a new stake in Fidelity Quality Factor ETF during the second quarter worth $33,000. Assetmark Inc. boosted its holdings in shares of Fidelity Quality Factor ETF by 120.7% in the 1st 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 acquired a new stake in shares of Fidelity Quality Factor ETF in the 1st 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.