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

Fidelity Quality Factor ETF (NYSEARCA:FQAL) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $82.00 and last traded at $82.00, with a volume of 1250 shares changing hands. The stock had previously closed at $81.80.

Fidelity Quality Factor ETF Stock Performance

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

Hedge Funds Weigh In On Fidelity Quality Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DecisionMap Wealth Management LLC raised its holdings in Fidelity Quality Factor ETF by 5.4% in the fourth quarter. DecisionMap Wealth Management LLC now owns 2,962 shares of the company’s stock worth $224,000 after purchasing an additional 151 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Fidelity Quality Factor ETF by 23.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 890 shares of the company’s stock worth $67,000 after purchasing an additional 168 shares in the last quarter. Savvy Advisors Inc. grew its stake in Fidelity Quality Factor ETF by 1.7% during the 4th quarter. Savvy Advisors Inc. now owns 10,831 shares of the company’s stock worth $819,000 after buying an additional 180 shares during the last quarter. Lido Advisors LLC grew its stake in Fidelity Quality Factor ETF by 1.1% during the 3rd quarter. Lido Advisors LLC now owns 19,232 shares of the company’s stock worth $1,437,000 after buying an additional 200 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in Fidelity Quality Factor ETF by 3.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 7,557 shares of the company’s stock worth $571,000 after buying an additional 219 shares during the last quarter.

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.