Fidelity Quality Factor ETF (NYSEARCA:FQAL) Hits New 12-Month High – Here’s What Happened

Fidelity Quality Factor ETF (NYSEARCA:FQAL)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $77.70 and last traded at $77.66, with a volume of 1570 shares trading hands. The stock had previously closed at $77.04.

Fidelity Quality Factor ETF Trading Up 1.2%

The stock has a market capitalization of $1.37 billion, a PE ratio of 25.46 and a beta of 0.97. The firm has a 50-day moving average price of $75.17 and a 200-day moving average price of $75.37.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

Several large investors have recently made changes to their positions in FQAL. Northwestern Mutual Wealth Management Co. increased its position 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 valued at $122,797,000 after purchasing an additional 1,598,541 shares during the last quarter. Principal Securities Inc. increased its position in shares of Fidelity Quality Factor ETF by 3,701.5% during the 4th quarter. Principal Securities Inc. now owns 109,218 shares of the company’s stock valued at $8,256,000 after purchasing an additional 106,345 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Fidelity Quality Factor ETF by 5.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,156,911 shares of the company’s stock valued at $86,444,000 after purchasing an additional 55,097 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Fidelity Quality Factor ETF by 11,469.7% during the 3rd quarter. Raymond James Financial Inc. now owns 55,303 shares of the company’s stock valued at $4,132,000 after purchasing an additional 54,825 shares during the last quarter. Finally, Keystone Wealth Services LLC increased its position in shares of Fidelity Quality Factor ETF by 804.7% during the 3rd quarter. Keystone Wealth Services LLC now owns 50,652 shares of the company’s stock valued at $3,785,000 after purchasing an additional 45,053 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.