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

Commonwealth Equity Services LLC lifted its stake in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 907,646 shares of the company’s stock after buying an additional 10,351 shares during the quarter. Commonwealth Equity Services LLC owned approximately 6.51% of Fidelity Value Factor ETF worth $55,841,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Fidelity Value Factor ETF in the fourth quarter worth about $1,166,000. Cullen Frost Bankers Inc. boosted its stake in shares of Fidelity Value Factor ETF by 153.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 2,683 shares of the company’s stock worth $165,000 after buying an additional 1,625 shares during the last quarter. Vantage Financial Partners LLC boosted its stake in shares of Fidelity Value Factor ETF by 41.6% in the fourth quarter. Vantage Financial Partners LLC now owns 67,568 shares of the company’s stock worth $4,157,000 after buying an additional 19,848 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Fidelity Value Factor ETF by 78.0% in the fourth quarter. Jones Financial Companies Lllp now owns 8,754 shares of the company’s stock worth $539,000 after buying an additional 3,835 shares during the last quarter. Finally, Kovack Advisors Inc. boosted its stake in shares of Fidelity Value Factor ETF by 8.9% in the fourth quarter. Kovack Advisors Inc. now owns 5,151 shares of the company’s stock worth $317,000 after buying an additional 420 shares during the last quarter.

Fidelity Value Factor ETF Stock Up 2.0 %

Shares of FVAL opened at $59.99 on Friday. The company has a market capitalization of $968.84 million, a price-to-earnings ratio of 19.70 and a beta of 1.03. The stock’s 50-day moving average price is $62.72 and its 200-day moving average price is $61.91. Fidelity Value Factor ETF has a 52 week low of $54.46 and a 52 week high of $65.00.

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.