Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sets New 1-Year High – What’s Next?

Fidelity Quality Factor ETF (NYSEARCA:FQAL) hit a new 52-week high on Wednesday . The company traded as high as $69.11 and last traded at $69.05, with a volume of 10821 shares. The stock had previously closed at $68.94.

Fidelity Quality Factor ETF Stock Performance

The stock has a 50-day simple moving average of $66.94 and a 200 day simple moving average of $65.50. The stock has a market capitalization of $1.08 billion, a P/E ratio of 20.41 and a beta of 0.95.

Institutional Trading of Fidelity Quality Factor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in shares of Fidelity Quality Factor ETF by 2,596.6% during the 4th quarter. Wells Fargo & Company MN now owns 782 shares of the company’s stock worth $51,000 after buying an additional 753 shares during the period. Bank of Montreal Can grew its position in shares of Fidelity Quality Factor ETF by 366.7% during the 4th quarter. Bank of Montreal Can now owns 1,400 shares of the company’s stock worth $92,000 after buying an additional 1,100 shares during the period. Kestra Investment Management LLC acquired a new position in shares of Fidelity Quality Factor ETF during the 4th quarter worth about $125,000. Global Retirement Partners LLC grew its position in shares of Fidelity Quality Factor ETF by 868.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,976 shares of the company’s stock worth $129,000 after buying an additional 1,772 shares during the period. Finally, Cullen Frost Bankers Inc. grew its position in shares of Fidelity Quality Factor ETF by 140.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 2,183 shares of the company’s stock worth $143,000 after buying an additional 1,276 shares during the period.

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.