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

Fidelity Quality Factor ETF (NYSEARCA:FQAL)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $85.52 and last traded at $85.52, with a volume of 1870 shares. The stock had previously closed at $84.94.

Fidelity Quality Factor ETF Stock Performance

The company has a fifty day moving average price of $81.70 and a two-hundred day moving average price of $78.53. The company has a market cap of $1.47 billion, a P/E ratio of 25.46 and a beta of 0.94.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FQAL. Elyxium Wealth LLC acquired a new position in shares of Fidelity Quality Factor ETF during the 4th quarter worth 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 in the 4th quarter valued at approximately $33,000. Raymond James Financial Inc. acquired a new stake in shares of Fidelity Quality Factor ETF in the 2nd quarter valued at approximately $33,000. Assetmark Inc. grew its stake in shares of Fidelity Quality Factor ETF by 120.7% in the first quarter. Assetmark Inc. now owns 587 shares of the company’s stock valued at $43,000 after buying an additional 321 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of Fidelity Quality Factor ETF in the first 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.