Hartline Investment Corp Invests $201,000 in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Hartline Investment Corp purchased a new stake in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 3,519 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FVAL. AdvisorNet Financial Inc bought a new position in Fidelity Value Factor ETF during the fourth quarter valued at about $35,000. Silver Oak Securities Incorporated bought a new stake in shares of Fidelity Value Factor ETF in the 4th quarter valued at approximately $47,000. Indiana Trust & Investment Management CO bought a new stake in shares of Fidelity Value Factor ETF in the 1st quarter valued at approximately $96,000. Clarity Asset Management Inc. bought a new stake in shares of Fidelity Value Factor ETF in the 4th quarter valued at approximately $133,000. Finally, Childress Capital Advisors LLC bought a new stake in shares of Fidelity Value Factor ETF in the 1st quarter valued at approximately $213,000.

Fidelity Value Factor ETF Stock Performance

Shares of FVAL stock traded up $0.28 during trading hours on Friday, hitting $58.21. The company had a trading volume of 16,391 shares, compared to its average volume of 63,770. Fidelity Value Factor ETF has a 12 month low of $45.57 and a 12 month high of $58.22. The firm has a market capitalization of $812.03 million, a price-to-earnings ratio of 15.28 and a beta of 0.93. The firm’s fifty day moving average is $56.75 and its 200 day moving average is $55.26.

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.