Sequoia Financial Advisors LLC Invests $307,000 in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Sequoia Financial Advisors LLC purchased a new position in Fidelity Value Factor ETF (NYSEARCA:FVAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,800 shares of the company’s stock, valued at approximately $307,000. Sequoia Financial Advisors LLC owned about 0.06% of Fidelity Value Factor ETF at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FVAL. Cetera Investment Advisers bought a new position in shares of Fidelity Value Factor ETF in the first quarter worth about $1,280,000. Certified Advisory Corp grew its holdings in Fidelity Value Factor ETF by 27.0% during the 1st quarter. Certified Advisory Corp now owns 42,289 shares of the company’s stock worth $2,150,000 after acquiring an additional 8,982 shares in the last quarter. UBS Group AG grew its holdings in Fidelity Value Factor ETF by 112.1% during the 1st quarter. UBS Group AG now owns 787 shares of the company’s stock worth $40,000 after acquiring an additional 416 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in Fidelity Value Factor ETF during the 1st quarter worth about $316,000. Finally, Goldman Sachs Group Inc. bought a new position in Fidelity Value Factor ETF during the 1st quarter worth about $1,292,000.

Fidelity Value Factor ETF Price Performance

Shares of Fidelity Value Factor ETF stock opened at $54.63 on Friday. Fidelity Value Factor ETF has a 1 year low of $44.96 and a 1 year high of $57.22. The firm’s 50-day moving average is $55.46 and its two-hundred day moving average is $52.33. The stock has a market cap of $565.42 million, a price-to-earnings ratio of 13.58 and a beta of 1.05.

Fidelity Value Factor ETF Company Profile

The Fidelity Value Factor ETF (FVAL) is an exchange-traded fund that is based on the Fidelity U.S. Value Factor index. The fund follows a fundamentally selected, tier-weighted index of large-cap US stocks. FVAL was launched on Sep 12, 2016 and is managed by Fidelity.