Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $81.77 and last traded at $81.77, with a volume of 5741 shares traded. The stock had previously closed at $80.62.
Fidelity Quality Factor ETF Stock Performance
The business’s 50 day moving average is $78.60 and its 200 day moving average is $76.73. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 25.46 and a beta of 0.95.
Hedge Funds Weigh In On Fidelity Quality Factor ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in Fidelity Quality Factor ETF in the 4th quarter worth $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Fidelity Quality Factor ETF in the fourth quarter valued at about $33,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity Quality Factor ETF in the second quarter worth about $33,000. Assetmark Inc. raised its stake 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 worth $43,000 after purchasing an additional 321 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in shares of Fidelity Quality Factor ETF in the first quarter worth about $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.
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