Orgel Wealth Management LLC Decreases Stake in Fidelity Quality Factor ETF $FQAL

Orgel Wealth Management LLC lessened its position in shares of Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 biggest holding. Orgel Wealth Management LLC owned about 0.05% of Fidelity Quality Factor ETF worth $72,057,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in shares of Fidelity Quality Factor ETF by 5.9% in the 1st quarter. Jane Street Group LLC now owns 11,083 shares of the company’s stock valued at $711,000 after purchasing an additional 621 shares in the last quarter. Creative Planning acquired a new position in shares of Fidelity Quality Factor ETF during the second quarter worth $228,000. Flow Traders U.S. LLC acquired a new position in shares of Fidelity Quality Factor ETF during the second quarter worth $230,000. Cerity Partners LLC grew its stake in shares of Fidelity Quality Factor ETF by 70.4% during the second quarter. Cerity Partners LLC now owns 36,125 shares of the company’s stock worth $2,515,000 after purchasing an additional 14,923 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Fidelity Quality Factor ETF by 37.2% in the second quarter. Qube Research & Technologies Ltd now owns 1,294 shares of the company’s stock valued at $90,000 after buying an additional 351 shares during the last quarter.

Fidelity Quality Factor ETF Price Performance

Fidelity Quality Factor ETF stock opened at $84.69 on Tuesday. Fidelity Quality Factor ETF has a 1-year low of $70.44 and a 1-year high of $85.56. The stock has a market cap of $1.46 billion, a PE ratio of 25.46 and a beta of 0.94. The stock’s fifty day moving average is $82.79 and its two-hundred day moving average is $79.26.

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.