Kovack Advisors Inc. purchased a new stake in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL – Free Report) in the third quarter, HoldingsChannel.com reports. The fund purchased 4,731 shares of the company’s stock, valued at approximately $287,000.
Several other institutional investors have also modified their holdings of FVAL. Cullen Frost Bankers Inc. purchased a new position in Fidelity Value Factor ETF in the 2nd quarter valued at approximately $32,000. Comerica Bank grew its holdings in Fidelity Value Factor ETF by 33.7% in the first quarter. Comerica Bank now owns 2,182 shares of the company’s stock valued at $125,000 after purchasing an additional 550 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Value Factor ETF by 8.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,336 shares of the company’s stock worth $192,000 after buying an additional 267 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Fidelity Value Factor ETF by 16.7% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,105 shares of the company’s stock worth $236,000 after buying an additional 586 shares in the last quarter. Finally, Atomi Financial Group Inc. acquired a new stake in Fidelity Value Factor ETF in the 2nd quarter valued at about $385,000.
Fidelity Value Factor ETF Trading Down 1.2 %
Shares of FVAL opened at $62.37 on Friday. Fidelity Value Factor ETF has a 12-month low of $49.40 and a 12-month high of $63.65. The stock has a market cap of $870.06 million, a P/E ratio of 15.28 and a beta of 0.93. The company has a 50-day moving average of $60.93 and a two-hundred day moving average of $58.71.
Fidelity Value Factor ETF 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.
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Want to see what other hedge funds are holding FVAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Value Factor ETF (NYSEARCA:FVAL – Free Report).
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