Beverly Hills Private Wealth LLC Decreases Stock Position in Fidelity Quality Factor ETF $FQAL

Beverly Hills Private Wealth LLC cut its holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 12.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,532 shares of the company’s stock after selling 657 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Fidelity Quality Factor ETF were worth $316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in shares of Fidelity Quality Factor ETF by 2.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,101,531 shares of the company’s stock worth $70,674,000 after buying an additional 24,318 shares in the last quarter. Orgel Wealth Management LLC lifted its holdings in Fidelity Quality Factor ETF by 0.7% in the 2nd quarter. Orgel Wealth Management LLC now owns 951,038 shares of the company’s stock valued at $66,221,000 after purchasing an additional 6,648 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in Fidelity Quality Factor ETF by 2.8% in the 1st quarter. Kestra Advisory Services LLC now owns 555,932 shares of the company’s stock valued at $35,669,000 after purchasing an additional 15,054 shares in the last quarter. High Probability Advisors LLC lifted its holdings in Fidelity Quality Factor ETF by 4.9% in the 2nd quarter. High Probability Advisors LLC now owns 294,508 shares of the company’s stock valued at $20,507,000 after purchasing an additional 13,782 shares in the last quarter. Finally, Sagespring Wealth Partners LLC lifted its holdings in Fidelity Quality Factor ETF by 3.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 119,494 shares of the company’s stock valued at $8,320,000 after purchasing an additional 4,499 shares in the last quarter.

Fidelity Quality Factor ETF Trading Up 0.9%

NYSEARCA:FQAL opened at $74.65 on Tuesday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 25.46 and a beta of 0.98. The company’s 50-day moving average is $73.56 and its two-hundred day moving average is $69.28. Fidelity Quality Factor ETF has a 12-month low of $56.05 and a 12-month high of $75.52.

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.