Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sees Large Volume Increase – What’s Next?

Fidelity Quality Factor ETF (NYSEARCA:FQAL) saw unusually-strong trading volume on Friday . Approximately 59,541 shares changed hands during trading, an increase of 134% from the previous session’s volume of 25,486 shares.The stock last traded at $76.8830 and had previously closed at $76.74.

Fidelity Quality Factor ETF Stock Up 0.1%

The firm’s fifty day simple moving average is $75.56 and its two-hundred day simple moving average is $73.75. The firm has a market cap of $1.17 billion, a PE ratio of 25.46 and a beta of 0.97.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

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