Fidelity Quality Factor ETF (NYSEARCA:FQAL) Hits New 1-Year High – Should You Buy?

Fidelity Quality Factor ETF (NYSEARCA:FQALGet Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $79.70 and last traded at $79.34, with a volume of 36530 shares. The stock had previously closed at $79.36.

Fidelity Quality Factor ETF Price Performance

The company has a market capitalization of $1.39 billion, a P/E ratio of 25.46 and a beta of 0.95. The company has a fifty day moving average price of $75.61 and a two-hundred day moving average price of $75.76.

Institutional Trading of Fidelity Quality Factor ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management boosted its holdings in Fidelity Quality Factor ETF by 22.4% in the third quarter. Spire Wealth Management now owns 808 shares of the company’s stock valued at $60,000 after acquiring an additional 148 shares during the last quarter. DecisionMap Wealth Management LLC boosted its holdings in Fidelity Quality Factor ETF by 5.4% in the fourth quarter. DecisionMap Wealth Management LLC now owns 2,962 shares of the company’s stock valued at $224,000 after acquiring an additional 151 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Fidelity Quality Factor ETF by 23.3% in the third quarter. CIBC Private Wealth Group LLC now owns 890 shares of the company’s stock valued at $67,000 after acquiring an additional 168 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in Fidelity Quality Factor ETF by 1.1% in the third quarter. Valmark Advisers Inc. now owns 16,454 shares of the company’s stock valued at $1,229,000 after acquiring an additional 171 shares during the last quarter. Finally, Savvy Advisors Inc. boosted its holdings in Fidelity Quality Factor ETF by 1.7% in the fourth quarter. Savvy Advisors Inc. now owns 10,831 shares of the company’s stock valued at $819,000 after acquiring an additional 180 shares during the last quarter.

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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