Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report)’s share price reached a new 52-week high on Thursday . The stock traded as high as $69.93 and last traded at $69.93, with a volume of 26614 shares changing hands. The stock had previously closed at $69.69.
Fidelity Quality Factor ETF Price Performance
The firm has a market cap of $1.05 billion, a PE ratio of 25.46 and a beta of 0.98. The business has a 50-day moving average price of $66.85 and a two-hundred day moving average price of $65.85.
Hedge Funds Weigh In On Fidelity Quality Factor ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sagespring Wealth Partners LLC acquired a new position in shares of Fidelity Quality Factor ETF during the 1st quarter worth approximately $7,378,000. Unique Wealth LLC acquired a new position in shares of Fidelity Quality Factor ETF in the first quarter worth $3,957,000. Kestra Advisory Services LLC lifted its position in shares of Fidelity Quality Factor ETF by 8.1% in the fourth quarter. Kestra Advisory Services LLC now owns 540,878 shares of the company’s stock valued at $35,390,000 after acquiring an additional 40,404 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Fidelity Quality Factor ETF during the first quarter valued at $2,032,000. Finally, Cetera Investment Advisers boosted its stake in shares of Fidelity Quality Factor ETF by 41.1% during the first quarter. Cetera Investment Advisers now owns 108,352 shares of the company’s stock valued at $6,952,000 after acquiring an additional 31,545 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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