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

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

Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its holdings in Fidelity Value Factor ETF by 15.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 69,990 shares of the company’s stock worth $3,349,000 after acquiring an additional 9,533 shares during the last quarter. Samalin Investment Counsel LLC grew its holdings in Fidelity Value Factor ETF by 69.8% during the 3rd quarter. Samalin Investment Counsel LLC now owns 21,166 shares of the company’s stock worth $1,013,000 after acquiring an additional 8,698 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Fidelity Value Factor ETF by 18.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 661,351 shares of the company’s stock worth $31,646,000 after acquiring an additional 101,945 shares during the last quarter. Strategic Blueprint LLC bought a new stake in Fidelity Value Factor ETF during the 4th quarter worth about $220,000. Finally, Mutual Advisors LLC grew its holdings in Fidelity Value Factor ETF by 21.2% during the 4th quarter. Mutual Advisors LLC now owns 41,913 shares of the company’s stock worth $2,221,000 after acquiring an additional 7,323 shares during the last quarter.

Fidelity Value Factor ETF Trading Up 0.0 %

Fidelity Value Factor ETF stock opened at $54.63 on Friday. Fidelity Value Factor ETF has a 1 year low of $44.96 and a 1 year high of $57.22. The company has a market cap of $565.42 million, a PE ratio of 13.58 and a beta of 1.05. The company’s 50-day moving average is $55.46 and its two-hundred day moving average is $52.33.

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.