Cambridge Investment Research Advisors Inc. Cuts Position in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Cambridge Investment Research Advisors Inc. trimmed its position in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,151 shares of the company’s stock after selling 1,221 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Fidelity Value Factor ETF were worth $4,097,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FVAL. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Fidelity Value Factor ETF by 16.7% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,105 shares of the company’s stock valued at $236,000 after purchasing an additional 586 shares during the period. Silver Oak Securities Incorporated purchased a new position in shares of Fidelity Value Factor ETF in the 4th quarter valued at about $47,000. Comerica Bank grew its position in shares of Fidelity Value Factor ETF by 33.7% during the first quarter. Comerica Bank now owns 2,182 shares of the company’s stock worth $125,000 after buying an additional 550 shares in the last quarter. Cetera Advisors LLC increased its stake in shares of Fidelity Value Factor ETF by 19.9% during the first quarter. Cetera Advisors LLC now owns 17,339 shares of the company’s stock worth $989,000 after buying an additional 2,872 shares during the period. Finally, Prism Advisors Inc. raised its holdings in Fidelity Value Factor ETF by 1.8% in the first quarter. Prism Advisors Inc. now owns 448,153 shares of the company’s stock valued at $25,567,000 after acquiring an additional 7,712 shares in the last quarter.

Fidelity Value Factor ETF Stock Up 0.8 %

Shares of Fidelity Value Factor ETF stock opened at $59.62 on Friday. Fidelity Value Factor ETF has a 52-week low of $45.57 and a 52-week high of $59.94. The company has a 50 day moving average of $58.17 and a 200 day moving average of $56.72. The company has a market capitalization of $831.70 million, a P/E ratio of 15.28 and a beta of 0.93.

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.