Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report)’s share price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $84.25 and traded as high as $84.59. Fidelity Quality Factor ETF shares last traded at $84.44, with a volume of 305,115 shares.
Fidelity Quality Factor ETF Price Performance
The firm has a market capitalization of $1.44 billion, a PE ratio of 25.46 and a beta of 0.94. The company has a 50-day moving average price of $84.25 and a 200-day moving average price of $79.91.
Institutional Investors Weigh In On Fidelity Quality Factor ETF
Several hedge funds have recently modified their holdings of FQAL. Envestnet Asset Management Inc. boosted its position in Fidelity Quality Factor ETF by 3.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,373,752 shares of the company’s stock worth $111,770,000 after acquiring an additional 50,502 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Fidelity Quality Factor ETF by 33.6% in the 1st quarter. Kestra Advisory Services LLC now owns 899,808 shares of the company’s stock valued at $65,326,000 after acquiring an additional 226,425 shares during the last quarter. Sovran Advisors LLC acquired a new position in Fidelity Quality Factor ETF in the 1st quarter valued at $1,137,000. Atlas Brown Inc. acquired a new position in Fidelity Quality Factor ETF in the 3rd quarter valued at $607,000. Finally, World Investment Advisors raised its holdings in Fidelity Quality Factor ETF by 10.0% in the 1st quarter. World Investment Advisors now owns 6,625 shares of the company’s stock valued at $481,000 after acquiring an additional 600 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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