Forbes Financial Planning Inc. Reduces Stock Position in Fidelity Value Factor ETF $FVAL

Forbes Financial Planning Inc. cut its holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 24.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,443 shares of the company’s stock after selling 27,799 shares during the quarter. Fidelity Value Factor ETF makes up approximately 3.6% of Forbes Financial Planning Inc.’s holdings, making the stock its 13th largest holding. Forbes Financial Planning Inc. owned about 0.56% of Fidelity Value Factor ETF worth $5,393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cedar Point Capital Partners LLC grew its position in shares of Fidelity Value Factor ETF by 5.9% in the 2nd quarter. Cedar Point Capital Partners LLC now owns 56,078 shares of the company’s stock worth $3,582,000 after buying an additional 3,137 shares during the last quarter. Schmidt P J Investment Management Inc. lifted its stake in Fidelity Value Factor ETF by 185.0% in the second quarter. Schmidt P J Investment Management Inc. now owns 13,335 shares of the company’s stock worth $852,000 after acquiring an additional 8,656 shares during the period. Envestnet Asset Management Inc. lifted its stake in Fidelity Value Factor ETF by 7.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,398,051 shares of the company’s stock worth $89,293,000 after acquiring an additional 94,266 shares during the period. Strategic Blueprint LLC bought a new stake in Fidelity Value Factor ETF in the second quarter valued at $924,000. Finally, Cullen Frost Bankers Inc. increased its position in Fidelity Value Factor ETF by 17.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 7,669 shares of the company’s stock valued at $490,000 after purchasing an additional 1,162 shares during the period.

Fidelity Value Factor ETF Trading Down 1.1%

NYSEARCA:FVAL opened at $69.60 on Friday. The company has a 50-day moving average price of $68.96 and a 200-day moving average price of $64.98. Fidelity Value Factor ETF has a 12 month low of $51.58 and a 12 month high of $71.60. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 19.06 and a beta of 0.97.

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.