Raymond James Financial Inc. Invests $1.17 Million in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Raymond James Financial Inc. acquired a new stake in Fidelity Value Factor ETF (NYSEARCA:FVAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 18,950 shares of the company’s stock, valued at approximately $1,166,000. Raymond James Financial Inc. owned 0.14% of Fidelity Value Factor ETF as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Ameritas Advisory Services LLC increased its stake in shares of Fidelity Value Factor ETF by 2.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 10,368 shares of the company’s stock valued at $638,000 after buying an additional 240 shares during the period. Atomi Financial Group Inc. grew its stake in shares of Fidelity Value Factor ETF by 3.5% in the 4th quarter. Atomi Financial Group Inc. now owns 8,901 shares of the company’s stock valued at $548,000 after buying an additional 305 shares during the period. Kovack Advisors Inc. increased its holdings in shares of Fidelity Value Factor ETF by 8.9% during the fourth quarter. Kovack Advisors Inc. now owns 5,151 shares of the company’s stock valued at $317,000 after acquiring an additional 420 shares in the last quarter. Spectrum Investment Advisors Inc. raised its holdings in Fidelity Value Factor ETF by 4.2% during the fourth quarter. Spectrum Investment Advisors Inc. now owns 13,923 shares of the company’s stock worth $857,000 after buying an additional 559 shares during the last quarter. Finally, Cedar Point Capital Partners LLC lifted its position in Fidelity Value Factor ETF by 1.5% in the 4th quarter. Cedar Point Capital Partners LLC now owns 52,274 shares of the company’s stock valued at $3,216,000 after acquiring an additional 787 shares in the last quarter.

Fidelity Value Factor ETF Price Performance

NYSEARCA FVAL opened at $59.33 on Monday. The firm has a market cap of $904.78 million, a price-to-earnings ratio of 18.09 and a beta of 0.98. The company has a fifty day moving average price of $58.54 and a 200-day moving average price of $61.38. Fidelity Value Factor ETF has a 1 year low of $51.58 and a 1 year high of $65.00.

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.