Samalin Investment Counsel LLC Trims Stake in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Samalin Investment Counsel LLC lowered its holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,445 shares of the company’s stock after selling 480 shares during the quarter. Samalin Investment Counsel LLC owned 0.10% of Fidelity Value Factor ETF worth $889,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Investment Counsel Inc purchased a new stake in Fidelity Value Factor ETF in the fourth quarter valued at $137,000. Kestra Investment Management LLC purchased a new stake in Fidelity Value Factor ETF in the fourth quarter valued at $149,000. Cullen Frost Bankers Inc. raised its position in Fidelity Value Factor ETF by 153.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 2,683 shares of the company’s stock valued at $165,000 after purchasing an additional 1,625 shares during the period. Foundations Investment Advisors LLC purchased a new stake in shares of Fidelity Value Factor ETF in the 4th quarter valued at $210,000. Finally, First Horizon Advisors Inc. purchased a new stake in shares of Fidelity Value Factor ETF in the 3rd quarter valued at $214,000.

Fidelity Value Factor ETF Trading Down 0.6 %

FVAL stock opened at $59.88 on Friday. The company has a market capitalization of $832.33 million, a PE ratio of 19.40 and a beta of 1.03. Fidelity Value Factor ETF has a 12-month low of $54.46 and a 12-month high of $65.00. The business’s fifty day moving average price is $62.49 and its 200 day moving average price is $61.97.

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.