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

Fidelity Quality Factor ETF (NYSEARCA:FQAL) reached a new 52-week high on Tuesday . The company traded as high as $77.22 and last traded at $77.1910, with a volume of 2179 shares changing hands. The stock had previously closed at $76.86.

Fidelity Quality Factor ETF Trading Down 0.1%

The stock has a 50 day simple moving average of $76.02 and a 200 day simple moving average of $74.20. The firm has a market capitalization of $1.17 billion, a PE ratio of 25.46 and a beta of 0.97.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its position in shares of 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 period. Ameritas Advisory Services LLC bought a new stake in shares of Fidelity Quality Factor ETF in the second quarter worth about $146,000. Colony Family Offices LLC purchased a new position in Fidelity Quality Factor ETF during the 2nd quarter valued at about $239,000. Valmark Advisers Inc. raised its position in Fidelity Quality Factor ETF by 12.4% during the 2nd quarter. Valmark Advisers Inc. now owns 16,283 shares of the company’s stock valued at $1,134,000 after purchasing an additional 1,793 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in Fidelity Quality Factor ETF by 26.6% in the 2nd quarter. IFP Advisors Inc now owns 923 shares of the company’s stock worth $64,000 after buying an additional 194 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.