Fidelity Value Factor ETF $FVAL Shares Bought by MAI Capital Management

MAI Capital Management grew its position in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 98.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 299,051 shares of the company’s stock after acquiring an additional 148,716 shares during the quarter. MAI Capital Management owned about 1.93% of Fidelity Value Factor ETF worth $20,596,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of Fidelity Value Factor ETF by 0.5% in the 1st quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock valued at $9,835,000 after acquiring an additional 843 shares during the period. Goldman Sachs Group Inc. purchased a new position in Fidelity Value Factor ETF during the 1st quarter worth $1,656,000. Envestnet Asset Management Inc. increased its stake in Fidelity Value Factor ETF by 7.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,398,051 shares of the company’s stock valued at $89,293,000 after purchasing an additional 94,266 shares during the period. Cedar Point Capital Partners LLC raised its holdings in shares of Fidelity Value Factor ETF by 5.9% in the second quarter. Cedar Point Capital Partners LLC now owns 56,078 shares of the company’s stock valued at $3,582,000 after buying an additional 3,137 shares during the last quarter. Finally, New England Private Wealth Advisors LLC purchased a new stake in shares of Fidelity Value Factor ETF in the second quarter valued at about $215,000.

Fidelity Value Factor ETF Stock Performance

Shares of FVAL opened at $73.96 on Thursday. Fidelity Value Factor ETF has a fifty-two week low of $51.58 and a fifty-two week high of $74.64. The firm has a 50-day simple moving average of $73.29 and a 200-day simple moving average of $70.64. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 19.06 and a beta of 0.97.

Fidelity Value Factor ETF 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.