Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report) saw unusually-strong trading volume on Monday. Approximately 348,809 shares were traded during mid-day trading, an increase of 479% from the average daily volume of 60,256 shares. The stock last traded at $83.5290 and had previously closed at $83.43.

Fidelity Quality Factor ETF Stock Down 0.4%

The company has a market cap of $1.50 billion, a PE ratio of 25.46 and a beta of 0.94. The company’s fifty day moving average is $84.23 and its 200-day moving average is $80.07.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

A number of hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC bought a new position in Fidelity Quality Factor ETF in the 3rd quarter worth $9,255,000. Compass Financial Management LLC bought a new stake in Fidelity Quality Factor ETF during the 3rd quarter valued at $420,000. Great Lakes Retirement Inc. boosted its position in Fidelity Quality Factor ETF by 0.4% during the third quarter. Great Lakes Retirement Inc. now owns 244,939 shares of the company’s stock valued at $20,391,000 after purchasing an additional 880 shares in the last quarter. Bryant Woods Investment Advisors LLC boosted its holdings in Fidelity Quality Factor ETF by 118.0% in the third 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 in the last quarter. Finally, Sigma Planning Corp purchased a new stake in shares of Fidelity Quality Factor ETF during the third quarter valued at $595,000.

About Fidelity Quality Factor ETF

(Get Free Report)

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.

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