Fidelity Quality Factor ETF $FQAL Shares Sold by Orgel Wealth Management LLC

Orgel Wealth Management LLC reduced its holdings in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 885,647 shares of the company’s stock after selling 14,441 shares during the period. Fidelity Quality Factor ETF comprises 1.4% of Orgel Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. Orgel Wealth Management LLC owned approximately 5.15% of Fidelity Quality Factor ETF worth $72,057,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Breakwater Capital Group boosted its position in Fidelity Quality Factor ETF by 19.2% in the 2nd quarter. Breakwater Capital Group now owns 15,308 shares of the company’s stock valued at $1,245,000 after buying an additional 2,466 shares during the period. Canandaigua National Bank & Trust Co. acquired a new position in shares of Fidelity Quality Factor ETF in the second quarter worth $350,000. Midwest Financial Network LLC purchased a new stake in shares of Fidelity Quality Factor ETF during the first quarter worth $408,000. Western Wealth Management LLC purchased a new stake in shares of Fidelity Quality Factor ETF during the first quarter worth $46,000. Finally, Royal Bank of Canada raised its stake in shares of 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 acquiring an additional 292 shares in the last quarter.

Fidelity Quality Factor ETF Trading Down 0.2%

NYSEARCA:FQAL opened at $84.69 on Tuesday. The firm has a market cap of $1.46 billion, a PE ratio of 25.46 and a beta of 0.94. The stock has a fifty day moving average price of $82.79 and a 200 day moving average price of $79.26. Fidelity Quality Factor ETF has a 12-month low of $70.44 and a 12-month high of $85.56.

About Fidelity Quality Factor ETF

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.