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

Fidelity Quality Factor ETF (NYSEARCA:FQAL) shares reached a new 52-week high on Monday . The company traded as high as $81.77 and last traded at $81.77, with a volume of 5741 shares traded. The stock had previously closed at $80.62.

Fidelity Quality Factor ETF Stock Performance

The company’s 50-day moving average price is $78.94 and its 200 day moving average price is $76.82. The stock has a market capitalization of $1.41 billion, a P/E ratio of 25.46 and a beta of 0.95.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FQAL. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity Quality Factor ETF by 6,154.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,624,514 shares of the company’s stock worth $122,797,000 after purchasing an additional 1,598,541 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Fidelity Quality Factor ETF by 33.6% in the first quarter. Kestra Advisory Services LLC now owns 899,808 shares of the company’s stock valued at $65,326,000 after purchasing an additional 226,425 shares in the last quarter. High Probability Advisors LLC grew its holdings in shares of Fidelity Quality Factor ETF by 2.0% in the fourth quarter. High Probability Advisors LLC now owns 309,369 shares of the company’s stock valued at $23,385,000 after purchasing an additional 6,021 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Fidelity Quality Factor ETF by 0.7% in the fourth quarter. JPMorgan Chase & Co. now owns 247,976 shares of the company’s stock valued at $18,745,000 after purchasing an additional 1,688 shares in the last quarter. Finally, Great Lakes Retirement Inc. grew its holdings in shares of Fidelity Quality Factor ETF by 2.6% in the third quarter. Great Lakes Retirement Inc. now owns 245,828 shares of the company’s stock valued at $18,368,000 after purchasing an additional 6,336 shares in 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.