Fidelity Quality Factor ETF (NYSEARCA:FQAL) Hits New 12-Month High – What’s Next?

Fidelity Quality Factor ETF (NYSEARCA:FQAL)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $82.65 and last traded at $82.57, with a volume of 24540 shares traded. The stock had previously closed at $82.08.

Fidelity Quality Factor ETF Stock Down 0.9%

The company has a market capitalization of $1.42 billion, a PE ratio of 25.46 and a beta of 0.94. The company has a 50-day moving average price of $80.79 and a two-hundred day moving average price of $77.67.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FQAL. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity Quality Factor ETF by 6,154.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,624,514 shares of the company’s stock worth $122,797,000 after acquiring an additional 1,598,541 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 valued at $18,403,000 after purchasing an additional 17,304 shares during the period. CRA Financial Services LLC bought a new position in Fidelity Quality Factor ETF in the 4th quarter valued at $620,000. Fullerton Advisors LLC purchased a new position in shares of Fidelity Quality Factor ETF during the 4th quarter valued at $3,335,000. Finally, Silver Oak Securities Incorporated grew its position in shares of Fidelity Quality Factor ETF by 318.3% during the 4th quarter. Silver Oak Securities Incorporated now owns 26,853 shares of the company’s stock valued at $2,046,000 after purchasing an additional 20,433 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.