Spectrum Investment Advisors Inc. Buys 576 Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL)

Spectrum Investment Advisors Inc. lifted its position in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 4.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,364 shares of the company’s stock after acquiring an additional 576 shares during the quarter. Fidelity Value Factor ETF comprises approximately 0.6% of Spectrum Investment Advisors Inc.’s portfolio, making the stock its 15th largest holding. Spectrum Investment Advisors Inc.’s holdings in Fidelity Value Factor ETF were worth $810,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in Fidelity Value Factor ETF by 1.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,477 shares of the company’s stock valued at $696,000 after buying an additional 188 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity Value Factor ETF by 8.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,336 shares of the company’s stock valued at $192,000 after acquiring an additional 267 shares during the last quarter. Comerica Bank lifted its holdings in Fidelity Value Factor ETF by 33.7% during the first quarter. Comerica Bank now owns 2,182 shares of the company’s stock worth $125,000 after acquiring an additional 550 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Fidelity Value Factor ETF during the second quarter worth $32,000. Finally, PFG Advisors boosted its position in Fidelity Value Factor ETF by 1.2% in the third quarter. PFG Advisors now owns 47,778 shares of the company’s stock worth $2,895,000 after purchasing an additional 575 shares during the last quarter.

Fidelity Value Factor ETF Price Performance

Shares of Fidelity Value Factor ETF stock opened at $62.37 on Friday. The stock has a fifty day moving average price of $60.93 and a 200-day moving average price of $58.71. The firm has a market cap of $870.06 million, a PE ratio of 15.28 and a beta of 0.93. Fidelity Value Factor ETF has a 1 year low of $49.40 and a 1 year high of $63.65.

About Fidelity Value Factor ETF

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.