PFG Advisors Acquires Shares of 42,503 Fidelity Value Factor ETF $FVAL

PFG Advisors acquired a new stake in Fidelity Value Factor ETF (NYSEARCA:FVAL) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 42,503 shares of the company’s stock, valued at approximately $2,927,000.

A number of other hedge funds have also modified their holdings of the stock. Altfest L J & Co. Inc. raised its holdings in shares of Fidelity Value Factor ETF by 1.0% in the 3rd quarter. Altfest L J & Co. Inc. now owns 40,043 shares of the company’s stock worth $2,758,000 after buying an additional 383 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Fidelity Value Factor ETF by 3.0% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 13,969 shares of the company’s stock valued at $892,000 after buying an additional 402 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Fidelity Value Factor ETF by 10.6% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,604 shares of the company’s stock valued at $317,000 after acquiring an additional 442 shares during the period. NewEdge Advisors LLC grew its position in Fidelity Value Factor ETF by 6.9% in the second quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock valued at $497,000 after acquiring an additional 501 shares during the period. Finally, Foundations Investment Advisors LLC raised its stake in Fidelity Value Factor ETF by 4.4% during the third quarter. Foundations Investment Advisors LLC now owns 15,723 shares of the company’s stock worth $1,083,000 after acquiring an additional 667 shares in the last quarter.

Fidelity Value Factor ETF Stock Performance

Shares of NYSEARCA FVAL opened at $72.19 on Tuesday. The stock has a market cap of $1.12 billion, a PE ratio of 19.06 and a beta of 0.97. The business has a fifty day moving average of $73.28 and a two-hundred day moving average of $71.03. Fidelity Value Factor ETF has a 52-week low of $51.58 and a 52-week high of $74.64.

About Fidelity Value Factor ETF

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.