Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $82.94 and last traded at $82.93, with a volume of 46723 shares traded. The stock had previously closed at $82.23.
Fidelity Quality Factor ETF Trading Up 0.9%
The stock has a 50-day moving average of $81.18 and a two-hundred day moving average of $78.07. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 25.46 and a beta of 0.94.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC raised its holdings in shares of Fidelity Quality Factor ETF by 23.3% during the third quarter. CIBC Private Wealth Group LLC now owns 890 shares of the company’s stock valued at $67,000 after acquiring an additional 168 shares during the period. Savvy Advisors Inc. boosted its stake in Fidelity Quality Factor ETF by 1.7% in the 4th quarter. Savvy Advisors Inc. now owns 10,831 shares of the company’s stock worth $819,000 after purchasing an additional 180 shares during the period. Lido Advisors LLC boosted its stake in Fidelity Quality Factor ETF by 1.1% in the 3rd quarter. Lido Advisors LLC now owns 19,232 shares of the company’s stock worth $1,437,000 after purchasing an additional 200 shares during the period. Cullen Frost Bankers Inc. grew its position in Fidelity Quality Factor ETF by 3.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 7,557 shares of the company’s stock worth $571,000 after purchasing an additional 219 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Fidelity Quality Factor ETF by 11.7% during the 1st quarter. Royal Bank of Canada now owns 2,782 shares of the company’s stock worth $202,000 after purchasing an additional 292 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.
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