Fidelity Quality Factor ETF (NYSEARCA:FQAL) Hits New 12-Month High – Should You Buy?

Fidelity Quality Factor ETF (NYSEARCA:FQAL)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $68.70 and last traded at $68.78, with a volume of 15966 shares. The stock had previously closed at $68.17.

Fidelity Quality Factor ETF Stock Performance

The stock’s fifty day simple moving average is $66.92 and its two-hundred day simple moving average is $65.32. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 20.41 and a beta of 0.95.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FQAL. JPMorgan Chase & Co. increased its position in shares of Fidelity Quality Factor ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 33,879 shares of the company’s stock worth $2,199,000 after acquiring an additional 2,742 shares in the last quarter. Cerity Partners LLC boosted its stake in Fidelity Quality Factor ETF by 5.7% in the 3rd quarter. Cerity Partners LLC now owns 22,187 shares of the company’s stock worth $1,440,000 after purchasing an additional 1,199 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Fidelity Quality Factor ETF by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 33,402 shares of the company’s stock worth $2,168,000 after purchasing an additional 245 shares in the last quarter. Smith Chas P & Associates PA Cpas raised its stake in Fidelity Quality Factor ETF by 0.7% during the 4th quarter. Smith Chas P & Associates PA Cpas now owns 236,445 shares of the company’s stock valued at $15,471,000 after purchasing an additional 1,551 shares during the period. Finally, Colony Family Offices LLC raised its stake in Fidelity Quality Factor ETF by 102.4% during the 3rd quarter. Colony Family Offices LLC now owns 7,263 shares of the company’s stock valued at $471,000 after purchasing an additional 3,675 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.