Fidelity Quality Factor ETF (NYSEARCA:FQAL) Hits New 52-Week High – Here’s What Happened

Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) hit a new 52-week high on Monday . The stock traded as high as $82.94 and last traded at $82.93, with a volume of 46723 shares changing hands. The stock had previously closed at $82.23.

Fidelity Quality Factor ETF Stock Performance

The firm has a 50-day moving average of $81.29 and a 200-day moving average of $78.17. The firm has a market capitalization of $1.45 billion, a P/E ratio of 25.46 and a beta of 0.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in Fidelity Quality Factor ETF during the 4th quarter valued at about $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Fidelity Quality Factor ETF in the fourth quarter worth $33,000. Raymond James Financial Inc. bought a new stake in Fidelity Quality Factor ETF during the 2nd quarter valued at about $33,000. Assetmark Inc. increased its position in shares of Fidelity Quality Factor ETF by 120.7% during the first quarter. Assetmark Inc. now owns 587 shares of the company’s stock valued at $43,000 after acquiring an additional 321 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new position in Fidelity Quality Factor ETF in the 1st 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.