Cedar Point Capital Partners LLC Has $2.93 Million Holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Cedar Point Capital Partners LLC raised its position in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 3.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 50,790 shares of the company’s stock after buying an additional 1,490 shares during the quarter. Fidelity Value Factor ETF comprises about 2.2% of Cedar Point Capital Partners LLC’s portfolio, making the stock its 16th largest holding. Cedar Point Capital Partners LLC’s holdings in Fidelity Value Factor ETF were worth $2,925,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FVAL. Silver Oak Securities Incorporated acquired a new position in Fidelity Value Factor ETF during the fourth quarter worth $47,000. Indiana Trust & Investment Management CO bought a new position in shares of Fidelity Value Factor ETF during the first quarter worth approximately $96,000. Comerica Bank boosted its stake in Fidelity Value Factor ETF by 33.7% in the 1st quarter. Comerica Bank now owns 2,182 shares of the company’s stock valued at $125,000 after purchasing an additional 550 shares during the period. Clarity Asset Management Inc. acquired a new stake in shares of Fidelity Value Factor ETF during the fourth quarter worth $133,000. Finally, Hartline Investment Corp bought a new stake in Fidelity Value Factor ETF in the 1st quarter valued at about $201,000.

Fidelity Value Factor ETF Stock Up 0.2 %

Shares of NYSEARCA:FVAL traded up $0.14 during trading on Wednesday, reaching $57.44. 35,561 shares of the company traded hands, compared to its average volume of 64,360. The firm has a market capitalization of $801.30 million, a PE ratio of 15.28 and a beta of 0.93. Fidelity Value Factor ETF has a 52 week low of $45.57 and a 52 week high of $59.94. The company’s 50 day moving average is $57.71 and its two-hundred day moving average is $56.31.

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.