Spire Wealth Management Sells 1,780 Shares of Fidelity Quality Factor ETF $FQAL

Spire Wealth Management trimmed its holdings in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 73.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 660 shares of the company’s stock after selling 1,780 shares during the quarter. Spire Wealth Management’s holdings in Fidelity Quality Factor ETF were worth $46,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Strategic Blueprint LLC bought a new stake in Fidelity Quality Factor ETF in the second quarter worth approximately $870,000. Cullen Frost Bankers Inc. grew its position in shares of Fidelity Quality Factor ETF by 15.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 6,558 shares of the company’s stock worth $457,000 after buying an additional 863 shares during the period. Sagespring Wealth Partners LLC increased its stake in shares of 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 acquiring an additional 4,499 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Fidelity Quality Factor ETF by 11.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock valued at $1,624,000 after acquiring an additional 2,488 shares during the period. Finally, CWM LLC bought a new position in Fidelity Quality Factor ETF during the second quarter worth $133,000.

Fidelity Quality Factor ETF Trading Down 1.0%

NYSEARCA:FQAL opened at $74.10 on Friday. Fidelity Quality Factor ETF has a 12 month low of $56.05 and a 12 month high of $76.32. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 25.46 and a beta of 0.97. The firm has a fifty day simple moving average of $74.24 and a two-hundred day simple moving average of $70.53.

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.