Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $82.94 and last traded at $82.93, with a volume of 46723 shares trading hands. The stock had previously closed at $82.23.
Fidelity Quality Factor ETF Stock Up 0.9%
The firm has a 50-day moving average of $81.18 and a two-hundred day moving average of $78.07. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 25.46 and a beta of 0.94.
Hedge Funds Weigh In On Fidelity Quality Factor ETF
A number of large investors have recently made changes to their positions in FQAL. Jane Street Group LLC lifted its position in shares of Fidelity Quality Factor ETF by 5.9% in the first quarter. Jane Street Group LLC now owns 11,083 shares of the company’s stock worth $711,000 after purchasing an additional 621 shares in the last quarter. Creative Planning purchased a new position in Fidelity Quality Factor ETF during the second quarter valued at approximately $228,000. Flow Traders U.S. LLC acquired a new position in Fidelity Quality Factor ETF in the 2nd quarter valued at approximately $230,000. Cerity Partners LLC increased its stake in Fidelity Quality Factor ETF by 70.4% in the 2nd quarter. Cerity Partners LLC now owns 36,125 shares of the company’s stock valued at $2,515,000 after buying an additional 14,923 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in Fidelity Quality Factor ETF by 37.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,294 shares of the company’s stock valued at $90,000 after buying an additional 351 shares during the period.
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.
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