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

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 $82.65 and last traded at $82.57, with a volume of 24540 shares traded. The stock had previously closed at $82.08.

Fidelity Quality Factor ETF Price Performance

The company has a market cap of $1.43 billion, a P/E ratio of 25.46 and a beta of 0.94. The stock has a 50-day moving average of $80.68 and a 200 day moving average of $77.60.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

A number of large investors have recently bought and sold shares of FQAL. Elyxium Wealth LLC acquired a new position in shares of Fidelity Quality Factor ETF in the 4th quarter valued at approximately $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Fidelity Quality Factor ETF during the 4th quarter worth approximately $33,000. Raymond James Financial Inc. acquired a new stake in shares of Fidelity Quality Factor ETF during the 2nd quarter worth approximately $33,000. Assetmark Inc. boosted its position in shares of Fidelity Quality Factor ETF by 120.7% during the 1st quarter. Assetmark Inc. now owns 587 shares of the company’s stock worth $43,000 after acquiring 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 approximately $46,000.

Fidelity Quality Factor ETF Company Profile

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.