NewEdge Wealth LLC Makes New Investment in Fidelity Value Factor ETF (NYSEARCA:FVAL)

NewEdge Wealth LLC purchased a new position in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,065 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Atria Wealth Solutions Inc. raised its holdings in shares of Fidelity Value Factor ETF by 3.5% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 6,424 shares of the company’s stock worth $276,000 after purchasing an additional 215 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Fidelity Value Factor ETF by 0.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 57,311 shares of the company’s stock worth $2,742,000 after purchasing an additional 248 shares in the last quarter. Bouvel Investment Partners LLC raised its holdings in shares of Fidelity Value Factor ETF by 0.5% in the 4th quarter. Bouvel Investment Partners LLC now owns 50,896 shares of the company’s stock worth $2,697,000 after purchasing an additional 277 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Fidelity Value Factor ETF by 9.4% in the 2nd quarter. Captrust Financial Advisors now owns 3,249 shares of the company’s stock worth $140,000 after purchasing an additional 280 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Fidelity Value Factor ETF by 112.1% in the 1st quarter. UBS Group AG now owns 787 shares of the company’s stock worth $40,000 after purchasing an additional 416 shares in the last quarter.

Fidelity Value Factor ETF Price Performance

NYSEARCA FVAL opened at $54.63 on Friday. The company’s 50 day simple moving average is $55.46 and its 200 day simple moving average is $52.33. Fidelity Value Factor ETF has a 12 month low of $44.96 and a 12 month high of $57.22. The company has a market capitalization of $565.42 million, a P/E ratio of 13.58 and a beta of 1.05.

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.