Fidelity Quality Factor ETF $FQAL Stock: Orgel Wealth Management LLC Trims Holdings

Orgel Wealth Management LLC cut its stake in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 833,329 shares of the company’s stock after selling 52,318 shares during the quarter. Fidelity Quality Factor ETF accounts for about 1.3% of Orgel Wealth Management LLC’s portfolio, making the stock its 19th largest position. Orgel Wealth Management LLC owned about 4.90% of Fidelity Quality Factor ETF worth $69,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FQAL. Assetmark Inc. lifted its stake in 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 during the last quarter. Western Wealth Management LLC acquired a new stake in Fidelity Quality Factor ETF in the first quarter valued at approximately $46,000. Royal Bank of Canada boosted its position in Fidelity Quality Factor ETF by 11.7% in the first quarter. Royal Bank of Canada now owns 2,782 shares of the company’s stock valued at $202,000 after buying an additional 292 shares in the last quarter. Bryant Woods Investment Advisors LLC bought a new stake in shares of Fidelity Quality Factor ETF during the first quarter worth $277,000. Finally, MV Capital Management Inc. bought a new stake in shares of Fidelity Quality Factor ETF during the fourth quarter worth $318,000.

Fidelity Quality Factor ETF Stock Performance

Shares of NYSEARCA:FQAL opened at $84.47 on Thursday. The company has a fifty day moving average of $84.30 and a 200-day moving average of $81.21. The company has a market capitalization of $1.44 billion, a PE ratio of 25.46 and a beta of 0.94. Fidelity Quality Factor ETF has a 52-week low of $70.44 and a 52-week high of $85.56.

Fidelity Quality Factor ETF 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.