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

Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) hit a new 52-week high on Thursday . The company traded as high as $82.65 and last traded at $82.57, with a volume of 24540 shares changing hands. The stock had previously closed at $82.08.

Fidelity Quality Factor ETF Trading Up 0.6%

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

Institutional Trading of Fidelity Quality Factor ETF

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in Fidelity Quality Factor ETF by 6,154.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,624,514 shares of the company’s stock worth $122,797,000 after acquiring an additional 1,598,541 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Fidelity Quality Factor ETF by 33.6% in the 1st quarter. Kestra Advisory Services LLC now owns 899,808 shares of the company’s stock valued at $65,326,000 after purchasing an additional 226,425 shares in the last quarter. High Probability Advisors LLC boosted its stake in shares of Fidelity Quality Factor ETF by 2.0% in the 4th quarter. High Probability Advisors LLC now owns 309,369 shares of the company’s stock valued at $23,385,000 after purchasing an additional 6,021 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Fidelity Quality Factor ETF by 0.7% during the 4th quarter. JPMorgan Chase & Co. now owns 247,976 shares of the company’s stock valued at $18,745,000 after purchasing an additional 1,688 shares during the last quarter. Finally, Smith Chas P & Associates PA Cpas grew its holdings in shares of Fidelity Quality Factor ETF by 32.9% during the 4th quarter. Smith Chas P & Associates PA Cpas now owns 179,903 shares of the company’s stock valued at $13,599,000 after purchasing an additional 44,528 shares during the last quarter.

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.