Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sets New 52-Week High – What’s Next?

Fidelity Quality Factor ETF (NYSEARCA:FQAL) hit a new 52-week high during trading on Tuesday . The company traded as high as $76.46 and last traded at $76.46, with a volume of 23789 shares trading hands. The stock had previously closed at $76.10.

Fidelity Quality Factor ETF Stock Performance

The company has a market capitalization of $1.16 billion, a PE ratio of 25.46 and a beta of 0.97. The stock has a 50 day moving average price of $74.97 and a two-hundred day moving average price of $72.78.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Fidelity Quality Factor ETF in the 2nd quarter valued at $33,000. Cornerstone Planning Group LLC acquired a new stake in shares of Fidelity Quality Factor ETF in the third quarter worth about $38,000. Spire Wealth Management increased its holdings in shares of Fidelity Quality Factor ETF by 22.4% during the 3rd quarter. Spire Wealth Management now owns 808 shares of the company’s stock valued at $60,000 after acquiring an additional 148 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Fidelity Quality Factor ETF in the 2nd quarter valued at approximately $61,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in 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 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.