Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sees Strong Trading Volume – Should You Buy?

Fidelity Quality Factor ETF (NYSEARCA:FQAL) shares saw strong trading volume on Monday . 306,013 shares changed hands during mid-day trading, an increase of 383% from the previous session’s volume of 63,384 shares.The stock last traded at $70.94 and had previously closed at $70.83.

Fidelity Quality Factor ETF Stock Down 0.1%

The business has a fifty day moving average of $75.71 and a 200 day moving average of $75.33. The firm has a market cap of $1.08 billion, a P/E ratio of 25.46 and a beta of 0.97.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its holdings in Fidelity Quality Factor ETF by 9.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 45,474 shares of the company’s stock valued at $3,438,000 after purchasing an additional 3,898 shares during the last quarter. World Investment Advisors acquired a new position in shares of Fidelity Quality Factor ETF in the fourth quarter valued at $455,000. MV Capital Management Inc. bought a new position in shares of Fidelity Quality Factor ETF in the fourth quarter valued at about $318,000. Sunbelt Securities Inc. lifted its stake 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 buying an additional 1,574 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Fidelity Quality Factor ETF during the 4th quarter worth about $200,000.

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.