Cedar Point Capital Partners LLC Purchases 697 Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL)

Cedar Point Capital Partners LLC boosted its holdings in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 1.4% during the third quarter, Holdings Channel reports. The institutional investor owned 51,487 shares of the company’s stock after acquiring an additional 697 shares during the quarter. Fidelity Value Factor ETF comprises about 2.1% of Cedar Point Capital Partners LLC’s investment portfolio, making the stock its 14th biggest position. Cedar Point Capital Partners LLC’s holdings in Fidelity Value Factor ETF were worth $3,120,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new stake in shares of Fidelity Value Factor ETF during the 2nd quarter valued at about $32,000. Comerica Bank boosted its holdings in Fidelity Value Factor ETF by 33.7% during the first quarter. Comerica Bank now owns 2,182 shares of the company’s stock valued at $125,000 after purchasing an additional 550 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Value Factor ETF by 8.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,336 shares of the company’s stock valued at $192,000 after purchasing an additional 267 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Fidelity Value Factor ETF by 16.7% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,105 shares of the company’s stock worth $236,000 after buying an additional 586 shares in the last quarter. Finally, Thoroughbred Financial Services LLC bought a new position in shares of Fidelity Value Factor ETF during the 1st quarter worth approximately $265,000.

Fidelity Value Factor ETF Price Performance

Shares of NYSEARCA:FVAL opened at $60.73 on Friday. The stock has a market capitalization of $847.18 million, a price-to-earnings ratio of 15.28 and a beta of 0.93. The business’s fifty day moving average price is $60.15 and its two-hundred day moving average price is $58.20. Fidelity Value Factor ETF has a fifty-two week low of $47.36 and a fifty-two week high of $62.17.

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.