Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $85.52 and last traded at $85.52, with a volume of 1870 shares. The stock had previously closed at $84.94.
Fidelity Quality Factor ETF Price Performance
The company has a fifty day moving average of $81.88 and a 200 day moving average of $78.64. The firm has a market capitalization of $1.46 billion, a P/E ratio of 25.46 and a beta of 0.94.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC boosted its stake in shares of Fidelity Quality Factor ETF by 23.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 890 shares of the company’s stock valued at $67,000 after purchasing an additional 168 shares during the last quarter. Lido Advisors LLC raised its stake in Fidelity Quality Factor ETF by 1.1% during the third quarter. Lido Advisors LLC now owns 19,232 shares of the company’s stock worth $1,437,000 after buying an additional 200 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in Fidelity Quality Factor ETF by 3.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 7,557 shares of the company’s stock worth $571,000 after buying an additional 219 shares during the last quarter. Royal Bank of Canada lifted its holdings in Fidelity Quality Factor ETF by 11.7% in the first quarter. Royal Bank of Canada now owns 2,782 shares of the company’s stock valued at $202,000 after buying an additional 292 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its holdings in Fidelity Quality Factor ETF by 2.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 10,734 shares of the company’s stock valued at $811,000 after buying an additional 304 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.
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