Orgel Wealth Management LLC Has $68.76 Million Stock Position in Fidelity Quality Factor ETF $FQAL

Orgel Wealth Management LLC lowered its position in Fidelity Quality Factor ETF (NYSEARCA:FQAL) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 909,586 shares of the company’s stock after selling 22,691 shares during the period. Fidelity Quality Factor ETF comprises 1.5% of Orgel Wealth Management LLC’s holdings, making the stock its 18th largest position. Orgel Wealth Management LLC owned 5.98% of Fidelity Quality Factor ETF worth $68,756,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in Fidelity Quality Factor ETF by 5.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,156,911 shares of the company’s stock valued at $86,444,000 after acquiring an additional 55,097 shares during the period. High Probability Advisors LLC raised its position in shares of Fidelity Quality Factor ETF by 3.0% during the third quarter. High Probability Advisors LLC now owns 303,348 shares of the company’s stock worth $22,666,000 after purchasing an additional 8,840 shares during the period. JPMorgan Chase & Co. raised its position in shares of Fidelity Quality Factor ETF by 7.6% during the third quarter. JPMorgan Chase & Co. now owns 246,288 shares of the company’s stock worth $18,403,000 after purchasing an additional 17,304 shares during the period. Great Lakes Retirement Inc. lifted its holdings in shares of Fidelity Quality Factor ETF by 2.6% during the 3rd quarter. Great Lakes Retirement Inc. now owns 245,828 shares of the company’s stock valued at $18,368,000 after purchasing an additional 6,336 shares in the last quarter. Finally, Sagespring Wealth Partners LLC grew its position in shares of Fidelity Quality Factor ETF by 0.9% in the 4th quarter. Sagespring Wealth Partners LLC now owns 119,490 shares of the company’s stock valued at $9,032,000 after purchasing an additional 1,101 shares during the period.

Fidelity Quality Factor ETF Stock Performance

NYSEARCA FQAL opened at $72.13 on Friday. The business has a 50 day simple moving average of $76.16 and a 200 day simple moving average of $75.31. Fidelity Quality Factor ETF has a 52-week low of $56.05 and a 52-week high of $77.58. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 25.46 and a beta of 0.97.

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.