Schmidt P J Investment Management Inc. Makes New $1.16 Million Investment in Fidelity Value Factor ETF $FVAL

Schmidt P J Investment Management Inc. acquired a new stake in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,306 shares of the company’s stock, valued at approximately $1,155,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Landaas & Co. WI ADV bought a new stake in shares of Fidelity Value Factor ETF in the 3rd quarter worth about $207,000. Partners Wealth Management LLC purchased a new position in shares of Fidelity Value Factor ETF during the 3rd quarter worth about $742,000. Beacon Advisors Holdings LLC grew its holdings in Fidelity Value Factor ETF by 0.9% during the 3rd quarter. Beacon Advisors Holdings LLC now owns 184,928 shares of the company’s stock valued at $14,935,000 after purchasing an additional 1,719 shares during the last quarter. Latitude Advisors LLC bought a new position in Fidelity Value Factor ETF during the 3rd quarter valued at about $25,000. Finally, Ballast Financial Advisors LLC grew its holdings in Fidelity Value Factor ETF by 6.4% during the 3rd quarter. Ballast Financial Advisors LLC now owns 10,336 shares of the company’s stock valued at $835,000 after purchasing an additional 620 shares during the last quarter.

Fidelity Value Factor ETF Price Performance

Fidelity Value Factor ETF stock opened at $83.42 on Thursday. Fidelity Value Factor ETF has a 1-year low of $67.20 and a 1-year high of $83.71. The firm has a market capitalization of $1.39 billion, a P/E ratio of 19.06 and a beta of 0.96. The company’s 50-day moving average is $82.22 and its 200 day moving average is $77.70.

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.