PFG Advisors Boosts Holdings in Fidelity Value Factor ETF $FVAL

PFG Advisors increased its stake in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 41.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,099 shares of the company’s stock after buying an additional 17,596 shares during the period. PFG Advisors’ holdings in Fidelity Value Factor ETF were worth $4,343,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in Fidelity Value Factor ETF by 5.6% during the third quarter. Envestnet Asset Management Inc. now owns 1,476,362 shares of the company’s stock worth $101,677,000 after buying an additional 78,311 shares during the last quarter. High Probability Advisors LLC increased its holdings in Fidelity Value Factor ETF by 3.1% during the third quarter. High Probability Advisors LLC now owns 427,612 shares of the company’s stock worth $29,450,000 after buying an additional 12,675 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Fidelity Value Factor ETF by 1,449.0% in the third quarter. Thrivent Financial for Lutherans now owns 417,772 shares of the company’s stock worth $28,772,000 after purchasing an additional 390,802 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of Fidelity Value Factor ETF in the third quarter worth about $27,668,000. Finally, MAI Capital Management increased its stake in shares of Fidelity Value Factor ETF by 98.9% in the third quarter. MAI Capital Management now owns 299,051 shares of the company’s stock worth $20,596,000 after purchasing an additional 148,716 shares in the last quarter.

Fidelity Value Factor ETF Stock Down 0.3%

FVAL opened at $74.93 on Tuesday. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. The firm has a 50-day moving average price of $71.81 and a 200-day moving average price of $71.62. Fidelity Value Factor ETF has a twelve month low of $53.87 and a twelve month high of $75.26.

Fidelity Value Factor ETF 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.