Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sets New 12-Month High – Time to Buy?

Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) hit a new 52-week high during trading on Tuesday . The company traded as high as $77.22 and last traded at $77.1910, with a volume of 2179 shares trading hands. The stock had previously closed at $76.86.

Fidelity Quality Factor ETF Trading Up 0.5%

The stock has a 50 day simple moving average of $75.78 and a 200-day simple moving average of $74.11. The firm has a market cap of $1.17 billion, a PE ratio of 25.46 and a beta of 0.97.

Institutional Trading of Fidelity Quality Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in FQAL. Keystone Wealth Services LLC grew its position in shares of Fidelity Quality Factor ETF by 1.7% during the 4th quarter. Keystone Wealth Services LLC now owns 51,490 shares of the company’s stock valued at $3,892,000 after buying an additional 838 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in shares of Fidelity Quality Factor ETF by 21.3% in the 4th quarter. Valmark Advisers Inc. now owns 19,958 shares of the company’s stock worth $1,509,000 after purchasing an additional 3,504 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Fidelity Quality Factor ETF by 269.8% during the 4th quarter. Farther Finance Advisors LLC now owns 7,739 shares of the company’s stock worth $585,000 after buying an additional 5,646 shares during the last quarter. Capital Investment Counsel Inc acquired a new stake in Fidelity Quality Factor ETF in the fourth quarter worth $194,000. Finally, Prime Capital Investment Advisors LLC lifted its stake in Fidelity Quality Factor ETF by 10.1% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 15,868 shares of the company’s stock valued at $1,199,000 after buying an additional 1,450 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.