Fidelity Quality Factor ETF $FQAL Holdings Decreased by Orgel Wealth Management LLC

Orgel Wealth Management LLC reduced its position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The firm 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 holdings, making the stock its 19th biggest position. Orgel Wealth Management LLC’s holdings in Fidelity Quality Factor ETF were worth $69,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in Fidelity Quality Factor ETF by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,373,752 shares of the company’s stock valued at $111,770,000 after buying an additional 50,502 shares during the last quarter. Kestra Advisory Services LLC increased its position in Fidelity Quality Factor ETF by 33.6% in the 1st quarter. Kestra Advisory Services LLC now owns 899,808 shares of the company’s stock valued at $65,326,000 after acquiring an additional 226,425 shares during the period. Cetera Investment Advisers increased its position in Fidelity Quality Factor ETF by 2.8% in the 1st quarter. Cetera Investment Advisers now owns 171,126 shares of the company’s stock valued at $12,424,000 after acquiring an additional 4,644 shares during the period. Sunbelt Securities Inc. increased its position in Fidelity Quality Factor ETF by 1.5% in the 4th quarter. Sunbelt Securities Inc. now owns 109,826 shares of the company’s stock valued at $8,302,000 after acquiring an additional 1,574 shares during the period. Finally, Kestra Private Wealth Services LLC raised its stake in shares of Fidelity Quality Factor ETF by 4.2% during the first quarter. Kestra Private Wealth Services LLC now owns 65,682 shares of the company’s stock valued at $4,769,000 after acquiring an additional 2,671 shares during the last quarter.

Fidelity Quality Factor ETF Stock Down 0.7%

Shares of Fidelity Quality Factor ETF stock opened at $84.47 on Thursday. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 25.46 and a beta of 0.94. Fidelity Quality Factor ETF has a twelve month low of $70.44 and a twelve month high of $85.56. The company’s fifty day moving average is $84.30 and its 200 day moving average is $81.21.

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.