Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sees Unusually-High Trading Volume – Here’s Why

Fidelity Quality Factor ETF (NYSEARCA:FQAL) shares saw an uptick in trading volume on Tuesday. Approximately 177,856 shares traded hands during trading, an increase of 165% from the average daily volume of 67,052 shares. The stock last traded at $82.4890 and had previously closed at $83.24.

Fidelity Quality Factor ETF Stock Performance

The company has a 50 day simple moving average of $83.98 and a two-hundred day simple moving average of $80.34. The firm has a market cap of $1.63 billion, a PE ratio of 22.53 and a beta of 0.95.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

A number of large investors have recently bought and sold shares of FQAL. Assetmark Inc. raised its position in Fidelity Quality Factor ETF by 120.7% during the 1st quarter. Assetmark Inc. now owns 587 shares of the company’s stock worth $43,000 after buying an additional 321 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Fidelity Quality Factor ETF in the first quarter worth $46,000. Royal Bank of Canada increased its stake in shares of 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 worth $202,000 after acquiring an additional 292 shares during the period. Brighton Jones LLC purchased a new position in shares of Fidelity Quality Factor ETF during the third quarter worth $250,000. Finally, Colony Family Offices LLC raised its holdings in shares of Fidelity Quality Factor ETF by 6.2% during the third quarter. Colony Family Offices LLC now owns 3,735 shares of the company’s stock worth $311,000 after purchasing an additional 217 shares during the last quarter.

Fidelity Quality Factor ETF Company Profile

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.