PFG Advisors Acquires 3,466 Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL)

PFG Advisors lifted its holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 7.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,203 shares of the company’s stock after acquiring an additional 3,466 shares during the period. PFG Advisors owned 0.34% of Fidelity Value Factor ETF worth $2,718,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. boosted its stake in Fidelity Value Factor ETF by 6.1% during the first quarter. J.W. Cole Advisors Inc. now owns 8,055 shares of the company’s stock valued at $460,000 after buying an additional 461 shares during the last quarter. Comerica Bank boosted its stake in Fidelity Value Factor ETF by 33.7% during the first quarter. Comerica Bank now owns 2,182 shares of the company’s stock valued at $125,000 after buying an additional 550 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Fidelity Value Factor ETF during the second quarter valued at approximately $32,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Fidelity Value Factor ETF by 16.7% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,105 shares of the company’s stock worth $236,000 after purchasing an additional 586 shares during the period. Finally, Spectrum Investment Advisors Inc. boosted its holdings in shares of Fidelity Value Factor ETF by 5.2% in the 1st quarter. Spectrum Investment Advisors Inc. now owns 12,676 shares of the company’s stock worth $723,000 after purchasing an additional 630 shares during the period.

Fidelity Value Factor ETF Stock Performance

Shares of FVAL stock opened at $58.68 on Friday. Fidelity Value Factor ETF has a 52-week low of $45.57 and a 52-week high of $59.94. The firm has a market capitalization of $818.59 million, a P/E ratio of 15.28 and a beta of 0.93. The stock has a 50 day moving average price of $58.25 and a 200 day moving average price of $56.95.

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.