Schmidt P J Investment Management Inc. Acquires New Position in Fidelity Value Factor ETF $FVAL

Schmidt P J Investment Management Inc. purchased a new stake in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) in the first quarter, HoldingsChannel.com reports. The fund purchased 4,679 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors have also recently modified their holdings of the stock. Allworth Financial LP grew its stake in Fidelity Value Factor ETF by 2.9% in the 1st quarter. Allworth Financial LP now owns 9,544 shares of the company’s stock worth $549,000 after acquiring an additional 270 shares during the period. Kovack Advisors Inc. boosted its position in Fidelity Value Factor ETF by 7.4% during the 1st quarter. Kovack Advisors Inc. now owns 5,531 shares of the company’s stock worth $330,000 after purchasing an additional 380 shares during the period. AdvisorNet Financial Inc lifted its holdings in Fidelity Value Factor ETF by 85.1% in the 1st quarter. AdvisorNet Financial Inc now owns 1,238 shares of the company’s stock worth $74,000 after buying an additional 569 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in Fidelity Value Factor ETF by 4.6% in the 1st quarter. Thoroughbred Financial Services LLC now owns 13,028 shares of the company’s stock worth $776,000 after buying an additional 574 shares in the last quarter. Finally, Cedar Point Capital Partners LLC raised its stake in shares of Fidelity Value Factor ETF by 1.3% in the 1st quarter. Cedar Point Capital Partners LLC now owns 52,941 shares of the company’s stock valued at $3,155,000 after purchasing an additional 667 shares in the last quarter.

Fidelity Value Factor ETF Stock Performance

Shares of Fidelity Value Factor ETF stock opened at $67.71 on Wednesday. The firm has a market cap of $1.03 billion, a PE ratio of 19.06 and a beta of 1.05. The firm’s 50-day simple moving average is $65.67 and its 200-day simple moving average is $62.00. Fidelity Value Factor ETF has a 1 year low of $51.58 and a 1 year high of $68.01.

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.