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

Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) hit a new 52-week high on Wednesday . The stock traded as high as $77.58 and last traded at $77.54, with a volume of 13756 shares. The stock had previously closed at $76.87.

Fidelity Quality Factor ETF Stock Down 0.3%

The business’s fifty day moving average is $76.52 and its 200-day moving average is $75.05. The stock has a market capitalization of $1.18 billion, a PE ratio of 25.46 and a beta of 0.97.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its holdings in Fidelity Quality Factor ETF by 5.9% in the first quarter. Jane Street Group LLC now owns 11,083 shares of the company’s stock valued at $711,000 after acquiring an additional 621 shares during the last quarter. CWM LLC purchased a new position in shares of Fidelity Quality Factor ETF in the 2nd quarter worth about $133,000. Sigma Planning Corp lifted its stake in shares of Fidelity Quality Factor ETF by 6.0% in the 2nd quarter. Sigma Planning Corp now owns 6,606 shares of the company’s stock valued at $460,000 after purchasing an additional 373 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Fidelity Quality Factor ETF by 6.0% in the 2nd quarter. Bank of Montreal Can now owns 3,764 shares of the company’s stock valued at $262,000 after purchasing an additional 214 shares in the last quarter. Finally, Stone House Investment Management LLC grew its holdings in shares of Fidelity Quality Factor ETF by 469.0% during the 2nd quarter. Stone House Investment Management LLC now owns 6,726 shares of the company’s stock worth $468,000 after purchasing an additional 5,544 shares during the period.

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.