Orgel Wealth Management LLC Sells 22,691 Shares of Fidelity Quality Factor ETF $FQAL

Orgel Wealth Management LLC cut its stake in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 909,586 shares of the company’s stock after selling 22,691 shares during the quarter. Fidelity Quality Factor ETF accounts for 1.5% of Orgel Wealth Management LLC’s investment portfolio, making the stock its 18th biggest position. Orgel Wealth Management LLC owned approximately 0.06% of Fidelity Quality Factor ETF worth $68,756,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FQAL. Raymond James Financial Inc. bought a new stake in shares of Fidelity Quality Factor ETF during the 2nd quarter worth approximately $33,000. Cornerstone Planning Group LLC bought a new position in shares of Fidelity Quality Factor ETF in the third quarter valued at $38,000. Spire Wealth Management grew its stake in shares of Fidelity Quality Factor ETF by 22.4% in the third quarter. Spire Wealth Management now owns 808 shares of the company’s stock valued at $60,000 after buying an additional 148 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in Fidelity Quality Factor ETF during the second quarter worth $61,000. Finally, CIBC Private Wealth Group LLC increased its holdings in Fidelity Quality Factor ETF by 23.3% during the third quarter. CIBC Private Wealth Group LLC now owns 890 shares of the company’s stock worth $67,000 after buying an additional 168 shares during the last quarter.

Fidelity Quality Factor ETF Trading Down 1.8%

NYSEARCA FQAL opened at $72.13 on Friday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 25.46 and a beta of 0.97. The firm’s fifty day moving average price is $76.16 and its two-hundred day moving average price is $75.31. Fidelity Quality Factor ETF has a 1 year low of $56.05 and a 1 year high of $77.58.

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.