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 Wednesday . The company traded as high as $69.11 and last traded at $69.05, with a volume of 10821 shares trading hands. The stock had previously closed at $68.94.

Fidelity Quality Factor ETF Stock Performance

The business’s fifty day moving average price is $67.01 and its 200-day moving average price is $65.67. The stock has a market cap of $1.06 billion, a PE ratio of 20.41 and a beta of 0.95.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC lifted its holdings in Fidelity Quality Factor ETF by 8.1% during the fourth quarter. Kestra Advisory Services LLC now owns 540,878 shares of the company’s stock valued at $35,390,000 after purchasing an additional 40,404 shares in the last quarter. High Probability Advisors LLC boosted its position in shares of Fidelity Quality Factor ETF by 1.7% during the fourth quarter. High Probability Advisors LLC now owns 273,237 shares of the company’s stock worth $17,878,000 after acquiring an additional 4,563 shares during the last quarter. Smith Chas P & Associates PA Cpas boosted its position in shares of Fidelity Quality Factor ETF by 0.7% during the fourth quarter. Smith Chas P & Associates PA Cpas now owns 236,445 shares of the company’s stock worth $15,471,000 after acquiring an additional 1,551 shares during the last quarter. Beacon Financial Group boosted its position in shares of Fidelity Quality Factor ETF by 0.4% during the fourth quarter. Beacon Financial Group now owns 186,025 shares of the company’s stock worth $12,172,000 after acquiring an additional 651 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Fidelity Quality Factor ETF by 7.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 134,495 shares of the company’s stock worth $8,800,000 after acquiring an additional 9,225 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.