First Horizon Advisors Inc. Takes Position in Fidelity Value Factor ETF (NYSEARCA:FVAL)

First Horizon Advisors Inc. bought a new position in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,524 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new stake in shares of Fidelity Value Factor ETF in the 2nd quarter worth approximately $32,000. Comerica Bank increased its holdings in shares of Fidelity Value Factor ETF by 33.7% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity Value Factor ETF by 8.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,336 shares of the company’s stock valued at $192,000 after acquiring an additional 267 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Fidelity Value Factor ETF by 16.7% during 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 acquiring an additional 586 shares in the last quarter. Finally, Kovack Advisors Inc. acquired a new position in shares of Fidelity Value Factor ETF in the 3rd quarter worth $287,000.

Fidelity Value Factor ETF Stock Up 0.4 %

Shares of NYSEARCA FVAL opened at $63.26 on Friday. Fidelity Value Factor ETF has a 12 month low of $49.99 and a 12 month high of $63.65. The company has a market cap of $882.48 million, a price-to-earnings ratio of 15.28 and a beta of 0.93. The business has a fifty day simple moving average of $61.29 and a 200-day simple moving average of $58.92.

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.