Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Value Factor ETF (NYSEARCA:FVAL – Free Report) by 3,648.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 113,362 shares of the company’s stock after purchasing an additional 110,338 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity Value Factor ETF were worth $8,193,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of FVAL. Royal Bank of Canada grew its stake in shares of Fidelity Value Factor ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock valued at $9,835,000 after buying an additional 843 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Fidelity Value Factor ETF in the first quarter valued at about $1,656,000. NewEdge Advisors LLC grew its stake in shares of Fidelity Value Factor ETF by 6.9% in the second quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock valued at $497,000 after buying an additional 501 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Fidelity Value Factor ETF in the second quarter valued at about $340,000. Finally, Darwin Wealth Management LLC purchased a new position in Fidelity Value Factor ETF in the second quarter valued at about $1,074,000.
Fidelity Value Factor ETF Stock Performance
Shares of FVAL opened at $78.62 on Friday. The company has a market capitalization of $1.26 billion, a P/E ratio of 19.06 and a beta of 0.95. Fidelity Value Factor ETF has a one year low of $60.07 and a one year high of $78.85. The stock has a 50-day moving average price of $73.43 and a 200 day moving average price of $72.71.
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.
Featured Articles
- Five stocks we like better than Fidelity Value Factor ETF
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Want to see what other hedge funds are holding FVAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Value Factor ETF (NYSEARCA:FVAL – Free Report).
Receive News & Ratings for Fidelity Value Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Value Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
