Fidelity Quality Factor ETF (NYSEARCA:FQAL) Reaches New 52-Week High – Should You Buy?

Fidelity Quality Factor ETF (NYSEARCA:FQALGet Free Report)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $77.70 and last traded at $77.66, with a volume of 1570 shares. The stock had previously closed at $77.04.

Fidelity Quality Factor ETF Trading Up 1.2%

The firm has a fifty day simple moving average of $75.15 and a two-hundred day simple moving average of $75.34. The stock has a market cap of $1.37 billion, a PE ratio of 25.46 and a beta of 0.97.

Institutional Trading of Fidelity Quality Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its holdings in shares of Fidelity Quality Factor ETF by 9.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 45,474 shares of the company’s stock valued at $3,438,000 after acquiring an additional 3,898 shares in the last quarter. World Investment Advisors purchased a new stake in shares of Fidelity Quality Factor ETF in the 4th quarter valued at about $455,000. MV Capital Management Inc. bought a new stake in shares of Fidelity Quality Factor ETF during the 4th quarter worth $318,000. Sunbelt Securities Inc. lifted its holdings in shares of Fidelity Quality Factor ETF by 1.5% during the 4th quarter. Sunbelt Securities Inc. now owns 109,826 shares of the company’s stock worth $8,302,000 after acquiring an additional 1,574 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Fidelity Quality Factor ETF during the 4th quarter worth $200,000.

Fidelity Quality Factor ETF Company Profile

(Get Free Report)

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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