Fidelity Value Factor ETF (NYSEARCA:FVAL) Shares Bought by Goodwin Investment Advisory

Goodwin Investment Advisory increased its position in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 6.4% during the fourth quarter, Holdings Channel reports. The fund owned 722,951 shares of the company’s stock after purchasing an additional 43,270 shares during the quarter. Fidelity Value Factor ETF comprises approximately 19.9% of Goodwin Investment Advisory’s investment portfolio, making the stock its 2nd largest position. Goodwin Investment Advisory owned about 0.07% of Fidelity Value Factor ETF worth $38,315,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Fidelity Value Factor ETF by 88.6% during the third quarter. FMR LLC now owns 427,775 shares of the company’s stock valued at $20,469,000 after purchasing an additional 200,935 shares in the last quarter. Custos Family Office LLC acquired a new stake in shares of Fidelity Value Factor ETF in the 3rd quarter worth approximately $9,238,000. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Value Factor ETF by 18.2% in the third quarter. Envestnet Asset Management Inc. now owns 661,351 shares of the company’s stock valued at $31,646,000 after acquiring an additional 101,945 shares in the last quarter. Forbes Financial Planning Inc. acquired a new position in shares of Fidelity Value Factor ETF during the third quarter valued at approximately $2,812,000. Finally, Traynor Capital Management Inc. bought a new position in Fidelity Value Factor ETF during the 4th quarter valued at $2,952,000.

Fidelity Value Factor ETF Stock Performance

Shares of FVAL stock traded down $0.09 during mid-day trading on Wednesday, hitting $54.60. 43,093 shares of the stock traded hands, compared to its average volume of 77,244. The firm has a market cap of $565.11 million, a price-to-earnings ratio of 13.58 and a beta of 1.05. The company’s 50-day simple moving average is $55.45 and its 200-day simple moving average is $52.30. Fidelity Value Factor ETF has a twelve month low of $44.96 and a twelve month high of $57.22.

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.