Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sets New 1-Year High – Still a Buy?

Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) hit a new 52-week high on Monday . The stock traded as high as $81.77 and last traded at $81.77, with a volume of 5741 shares traded. The stock had previously closed at $80.62.

Fidelity Quality Factor ETF Stock Performance

The firm has a market capitalization of $1.43 billion, a PE ratio of 25.46 and a beta of 0.95. The company has a fifty day simple moving average of $78.60 and a two-hundred day simple moving average of $76.73.

Institutional Trading of Fidelity Quality Factor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in shares of Fidelity Quality Factor ETF by 7.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 246,288 shares of the company’s stock worth $18,403,000 after purchasing an additional 17,304 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 purchasing an additional 1,598,541 shares during the last quarter. CRA Financial Services LLC purchased a new stake in shares of Fidelity Quality Factor ETF during the 4th quarter worth $620,000. Sunbelt Securities Inc. lifted its stake in shares of Fidelity Quality Factor ETF by 8.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 108,252 shares of the company’s stock worth $8,089,000 after purchasing an additional 8,397 shares during the last quarter. Finally, Silver Oak Securities Incorporated lifted its stake 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 worth $2,046,000 after purchasing an additional 20,433 shares during 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.