Fidelity Quality Factor ETF (NYSEARCA:FQAL) Reaches New 52-Week High – Still a Buy?

Fidelity Quality Factor ETF (NYSEARCA:FQAL)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $76.77 and last traded at $76.5280, with a volume of 12015 shares. The stock had previously closed at $76.69.

Fidelity Quality Factor ETF Trading Down 0.5%

The stock has a market capitalization of $1.16 billion, a P/E ratio of 25.46 and a beta of 0.97. The company has a fifty day simple moving average of $75.19 and a two-hundred day simple moving average of $73.01.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Fidelity Quality Factor ETF in the 2nd quarter worth $33,000. Cornerstone Planning Group LLC bought a new position in shares of Fidelity Quality Factor ETF during the third quarter worth about $38,000. Spire Wealth Management raised its position in Fidelity Quality Factor ETF by 22.4% in the 3rd quarter. Spire Wealth Management now owns 808 shares of the company’s stock valued at $60,000 after buying an additional 148 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Fidelity Quality Factor ETF in the 2nd quarter valued at approximately $61,000. Finally, IFP Advisors Inc boosted its position in Fidelity Quality Factor ETF by 26.6% during the 2nd quarter. IFP Advisors Inc now owns 923 shares of the company’s stock worth $64,000 after acquiring an additional 194 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.