Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sees Strong Trading Volume – What’s Next?

Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) saw unusually-strong trading volume on Tuesday . Approximately 32,301 shares changed hands during mid-day trading, a decline of 46% from the previous session’s volume of 60,070 shares.The stock last traded at $81.81 and had previously closed at $81.56.

Fidelity Quality Factor ETF Trading Up 0.2%

The stock’s fifty day moving average price is $78.77 and its 200 day moving average price is $76.78. The stock has a market cap of $1.43 billion, a P/E ratio of 25.46 and a beta of 0.95.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

Institutional investors have recently made changes to their positions in the stock. Elyxium Wealth LLC bought a new position in shares of Fidelity Quality Factor ETF in the 4th quarter worth $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Fidelity Quality Factor ETF in the 4th quarter valued at $33,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity Quality Factor ETF in the 2nd quarter valued at $33,000. Assetmark Inc. boosted its stake in shares of Fidelity Quality Factor ETF by 120.7% in the 1st quarter. Assetmark Inc. now owns 587 shares of the company’s stock valued at $43,000 after purchasing an additional 321 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new stake in shares of Fidelity Quality Factor ETF in the 1st quarter valued at $46,000.

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.