Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 32,301 shares changed hands during mid-day trading, a decline of 46% from the previous session’s volume of 60,070 shares.The stock last traded at $81.81 and had previously closed at $81.56.
Fidelity Quality Factor ETF Stock Performance
The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 25.46 and a beta of 0.95. The firm’s 50-day simple moving average is $79.07 and its 200-day simple moving average is $76.85.
Institutional Trading of Fidelity Quality Factor ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in Fidelity Quality Factor ETF by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 246,288 shares of the company’s stock worth $18,403,000 after purchasing an additional 17,304 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position 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 during the last quarter. CRA Financial Services LLC acquired a new stake in Fidelity Quality Factor ETF in the 4th quarter worth $620,000. Sunbelt Securities Inc. grew its position in Fidelity Quality Factor ETF by 8.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 108,252 shares of the company’s stock worth $8,089,000 after purchasing an additional 8,397 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its position in Fidelity Quality Factor ETF by 318.3% in the 4th quarter. Silver Oak Securities Incorporated now owns 26,853 shares of the company’s stock worth $2,046,000 after purchasing an additional 20,433 shares during the last quarter.
About Fidelity Quality Factor ETF
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.
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