Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sees Strong Trading Volume – Should You Buy?

Fidelity Quality Factor ETF (NYSEARCA:FQAL) saw an uptick in trading volume on Thursday . 162,719 shares changed hands during trading, an increase of 333% from the previous session’s volume of 37,543 shares.The stock last traded at $74.52 and had previously closed at $75.39.

Fidelity Quality Factor ETF Stock Down 0.6%

The firm has a 50-day moving average of $76.43 and a two-hundred day moving average of $75.28. The company has a market capitalization of $1.13 billion, a PE ratio of 25.46 and a beta of 0.97.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

Institutional investors have recently made changes to their positions in the stock. Elyxium Wealth LLC purchased a new stake in shares of Fidelity Quality Factor ETF in the fourth quarter valued at $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Fidelity Quality Factor ETF during the 4th quarter worth about $33,000. Raymond James Financial Inc. acquired a new position in Fidelity Quality Factor ETF in the 2nd quarter valued at about $33,000. Cornerstone Planning Group LLC purchased a new position in Fidelity Quality Factor ETF in the 3rd quarter valued at about $38,000. Finally, Spire Wealth Management lifted its holdings in Fidelity Quality Factor ETF by 22.4% in the 3rd quarter. Spire Wealth Management now owns 808 shares of the company’s stock valued at $60,000 after purchasing an additional 148 shares in 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.