Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sees Large Volume Increase – Here’s What Happened

Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) saw strong trading volume on Thursday . 39,614 shares were traded during trading, a decline of 3% from the previous session’s volume of 40,770 shares.The stock last traded at $68.28 and had previously closed at $68.40.

Fidelity Quality Factor ETF Stock Performance

The company has a market capitalization of $1.04 billion, a P/E ratio of 25.61 and a beta of 0.99. The company’s fifty day simple moving average is $64.90 and its 200-day simple moving average is $65.81.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FQAL. Wells Fargo & Company MN raised its holdings in Fidelity Quality Factor ETF by 2,596.6% in the fourth quarter. Wells Fargo & Company MN now owns 782 shares of the company’s stock worth $51,000 after purchasing an additional 753 shares in the last quarter. Iron Horse Wealth Management LLC acquired a new stake in shares of Fidelity Quality Factor ETF during the first quarter worth $56,000. Clarity Asset Management Inc. grew its stake in Fidelity Quality Factor ETF by 99.6% during the 1st quarter. Clarity Asset Management Inc. now owns 1,056 shares of the company’s stock valued at $68,000 after purchasing an additional 527 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in Fidelity Quality Factor ETF in the first quarter valued at approximately $76,000. Finally, Bank of Montreal Can increased its holdings in Fidelity Quality Factor ETF by 366.7% in the 4th quarter. Bank of Montreal Can now owns 1,400 shares of the company’s stock worth $92,000 after buying an additional 1,100 shares during the period.

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.