Fidelity Quality Factor ETF (NYSEARCA:FQAL) Reaches New 1-Year High – Here’s What Happened

Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $77.48 and last traded at $77.4390, with a volume of 24164 shares changing hands. The stock had previously closed at $77.03.

Fidelity Quality Factor ETF Price Performance

The business’s fifty day simple moving average is $76.21 and its 200 day simple moving average is $74.56. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 25.46 and a beta of 0.97.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

A number of institutional investors have recently modified their holdings of FQAL. Smith Chas P & Associates PA Cpas lifted its holdings in Fidelity Quality Factor ETF by 32.9% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 179,903 shares of the company’s stock worth $13,599,000 after acquiring an additional 44,528 shares during the last quarter. Kestra Investment Management LLC grew its holdings in shares of Fidelity Quality Factor ETF by 65.9% during the fourth quarter. Kestra Investment Management LLC now owns 4,839 shares of the company’s stock valued at $366,000 after purchasing an additional 1,923 shares during the last quarter. IFP Advisors Inc raised its position in shares of Fidelity Quality Factor ETF by 121.3% during the 4th quarter. IFP Advisors Inc now owns 9,130 shares of the company’s stock worth $690,000 after purchasing an additional 5,004 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in shares of Fidelity Quality Factor ETF by 3.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 7,557 shares of the company’s stock worth $571,000 after purchasing an additional 219 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Fidelity Quality Factor ETF by 4.8% during the 4th quarter. HighTower Advisors LLC now owns 7,799 shares of the company’s stock valued at $590,000 after purchasing an additional 354 shares during the period.

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.