Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sees Strong Trading Volume – What’s Next?

Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) saw unusually-strong trading volume on Tuesday . Approximately 32,301 shares were traded during mid-day trading, a decline of 46% from the previous session’s volume of 60,070 shares.The stock last traded at $81.81 and had previously closed at $81.56.

Fidelity Quality Factor ETF Stock Up 0.2%

The firm’s 50-day moving average price is $78.77 and its 200-day moving average price is $76.78. The company has a market cap of $1.43 billion, a P/E ratio of 25.46 and a beta of 0.95.

Institutional Trading of Fidelity Quality Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of FQAL. Elyxium Wealth LLC bought a new stake in shares of Fidelity Quality Factor ETF in the fourth quarter valued at approximately $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Fidelity Quality Factor ETF in the fourth quarter valued at approximately $33,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity Quality Factor ETF in the second quarter valued at approximately $33,000. Assetmark Inc. raised its position 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 valued at $43,000 after purchasing an additional 321 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of Fidelity Quality Factor ETF in the first quarter valued at approximately $46,000.

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.