Fmr LLC Has $51.31 Million Stock Holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Fmr LLC boosted its holdings in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 3.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 846,651 shares of the company’s stock after buying an additional 26,275 shares during the period. Fmr LLC owned approximately 0.06% of Fidelity Value Factor ETF worth $51,307,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new stake in shares of Fidelity Value Factor ETF during the 2nd quarter valued at $32,000. Comerica Bank raised its holdings in shares of 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in 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 purchasing an additional 267 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in Fidelity Value Factor ETF in the third quarter valued at about $214,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in 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 purchasing an additional 586 shares during the last quarter.

Fidelity Value Factor ETF Price Performance

FVAL opened at $64.25 on Friday. The company has a market capitalization of $896.32 million, a PE ratio of 15.28 and a beta of 0.93. Fidelity Value Factor ETF has a fifty-two week low of $50.80 and a fifty-two week high of $64.49. The business has a 50-day moving average of $62.22 and a 200-day moving average of $59.49.

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.