Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report) saw unusually-high trading volume on Thursday. Approximately 172,976 shares were traded during mid-day trading, an increase of 215% from the previous session’s volume of 54,979 shares. The stock last traded at $84.4430 and had previously closed at $85.20.
Fidelity Quality Factor ETF Price Performance
The firm has a market capitalization of $1.44 billion, a PE ratio of 25.46 and a beta of 0.94. The stock has a 50-day moving average price of $84.26 and a 200-day moving average price of $81.75.
Institutional Investors Weigh In On Fidelity Quality Factor ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. increased 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 worth $43,000 after buying an additional 321 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Fidelity Quality Factor ETF in the 1st quarter valued at about $46,000. Royal Bank of Canada raised its stake in shares of Fidelity Quality Factor ETF by 11.7% in the 1st quarter. Royal Bank of Canada now owns 2,782 shares of the company’s stock valued at $202,000 after purchasing an additional 292 shares in the last quarter. Bryant Woods Investment Advisors LLC acquired a new stake in shares of Fidelity Quality Factor ETF in the 1st quarter valued at about $277,000. Finally, Colony Family Offices LLC lifted its position in shares of Fidelity Quality Factor ETF by 6.2% during the third quarter. Colony Family Offices LLC now owns 3,735 shares of the company’s stock worth $311,000 after purchasing an additional 217 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.
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