Cedar Point Capital Partners LLC Buys 3,137 Shares of Fidelity Value Factor ETF $FVAL

Cedar Point Capital Partners LLC raised its stake in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 5.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 56,078 shares of the company’s stock after acquiring an additional 3,137 shares during the period. Fidelity Value Factor ETF comprises 2.5% of Cedar Point Capital Partners LLC’s holdings, making the stock its 12th largest position. Cedar Point Capital Partners LLC’s holdings in Fidelity Value Factor ETF were worth $3,582,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Fidelity Value Factor ETF during the first quarter valued at approximately $51,000. IFP Advisors Inc purchased a new position in shares of Fidelity Value Factor ETF during the first quarter valued at approximately $187,000. Assetmark Inc. increased its stake in shares of Fidelity Value Factor ETF by 29.6% during the first quarter. Assetmark Inc. now owns 3,561 shares of the company’s stock valued at $212,000 after buying an additional 814 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of Fidelity Value Factor ETF during the first quarter valued at approximately $217,000. Finally, Axxcess Wealth Management LLC purchased a new position in shares of Fidelity Value Factor ETF during the first quarter valued at approximately $252,000.

Fidelity Value Factor ETF Stock Performance

FVAL opened at $71.13 on Wednesday. Fidelity Value Factor ETF has a 52-week low of $51.58 and a 52-week high of $71.36. The stock has a market capitalization of $1.10 billion, a PE ratio of 19.06 and a beta of 0.97. The stock’s 50 day moving average price is $68.47 and its 200-day moving average price is $64.34.

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.