Fidelity Quality Factor ETF (NYSEARCA:FQAL) Shares Break Above Fifty Day Moving Average – Here’s What Happened

Fidelity Quality Factor ETF (NYSEARCA:FQAL) shares passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $84.25 and traded as high as $84.59. Fidelity Quality Factor ETF shares last traded at $84.44, with a volume of 305,115 shares.

Fidelity Quality Factor ETF Stock Up 0.1%

The firm’s 50-day moving average price is $84.25 and its two-hundred day moving average price is $80.00. The firm has a market capitalization of $1.45 billion, a PE ratio of 25.46 and a beta of 0.94.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

Large investors have recently bought and sold shares of the business. Great Lakes Retirement Inc. boosted its holdings in shares of Fidelity Quality Factor ETF by 0.4% during the 3rd quarter. Great Lakes Retirement Inc. now owns 244,939 shares of the company’s stock worth $20,391,000 after buying an additional 880 shares during the period. Bryant Woods Investment Advisors LLC raised its holdings in Fidelity Quality Factor ETF by 118.0% in the 3rd quarter. Bryant Woods Investment Advisors LLC now owns 25,618 shares of the company’s stock worth $2,133,000 after acquiring an additional 13,869 shares during the period. Sigma Planning Corp bought a new position in Fidelity Quality Factor ETF in the 3rd quarter worth $595,000. Colony Family Offices LLC raised its holdings in Fidelity Quality Factor ETF by 6.2% in the 3rd quarter. Colony Family Offices LLC now owns 3,735 shares of the company’s stock worth $311,000 after acquiring an additional 217 shares during the period. Finally, Smith Chas P & Associates PA Cpas lifted its position in Fidelity Quality Factor ETF by 1.3% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 179,629 shares of the company’s stock worth $15,161,000 after acquiring an additional 2,247 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.