Commonwealth Equity Services LLC Boosts Holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Commonwealth Equity Services LLC boosted its position in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 25.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 897,295 shares of the company’s stock after purchasing an additional 182,423 shares during the quarter. Commonwealth Equity Services LLC owned about 6.43% of Fidelity Value Factor ETF worth $54,376,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in shares of Fidelity Value Factor ETF in the second quarter worth approximately $32,000. Indiana Trust & Investment Management CO purchased a new stake in Fidelity Value Factor ETF during the 1st quarter valued at $96,000. Comerica Bank boosted its stake in Fidelity Value Factor ETF by 33.7% during the 1st quarter. Comerica Bank now owns 2,182 shares of the company’s stock valued at $125,000 after purchasing an additional 550 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity Value Factor ETF by 8.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,336 shares of the company’s stock worth $192,000 after purchasing an additional 267 shares in the last quarter. Finally, Hartline Investment Corp purchased a new position in shares of Fidelity Value Factor ETF in the first quarter worth $201,000.

Fidelity Value Factor ETF Price Performance

Shares of NYSEARCA:FVAL opened at $61.97 on Friday. Fidelity Value Factor ETF has a 1 year low of $45.57 and a 1 year high of $62.17. The company has a market cap of $864.46 million, a P/E ratio of 15.28 and a beta of 0.93. The stock’s fifty day moving average price is $59.54 and its 200-day moving average price is $57.83.

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.