Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sets New 52-Week High – Time to Buy?

Fidelity Quality Factor ETF (NYSEARCA:FQAL)’s stock price reached a new 52-week high on Friday . The stock traded as high as $80.79 and last traded at $80.79, with a volume of 2230 shares changing hands. The stock had previously closed at $80.30.

Fidelity Quality Factor ETF Trading Up 0.5%

The firm has a fifty day simple moving average of $76.16 and a two-hundred day simple moving average of $76.01. The stock has a market cap of $1.41 billion, a PE ratio of 25.46 and a beta of 0.95.

Institutional Trading of Fidelity Quality Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 valued at $122,797,000 after acquiring an additional 1,598,541 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity Quality Factor ETF by 5.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,156,911 shares of the company’s stock valued at $86,444,000 after acquiring an additional 55,097 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of 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 in the last quarter. High Probability Advisors LLC raised its holdings in shares of Fidelity Quality Factor ETF by 2.0% in the 4th quarter. High Probability Advisors LLC now owns 309,369 shares of the company’s stock valued at $23,385,000 after acquiring an additional 6,021 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Fidelity Quality Factor ETF by 0.7% in the 4th quarter. JPMorgan Chase & Co. now owns 247,976 shares of the company’s stock valued at $18,745,000 after acquiring an additional 1,688 shares in 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.