Orion Portfolio Solutions LLC Sells 4,635 Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL)

Orion Portfolio Solutions LLC trimmed its position in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 10.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,614 shares of the company’s stock after selling 4,635 shares during the quarter. Orion Portfolio Solutions LLC owned about 0.28% of Fidelity Value Factor ETF worth $2,340,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FVAL. Cullen Frost Bankers Inc. purchased a new stake in shares of Fidelity Value Factor ETF during the 2nd quarter worth approximately $32,000. Comerica Bank raised its stake in Fidelity Value Factor ETF by 33.7% during the first quarter. Comerica Bank now owns 2,182 shares of the company’s stock valued at $125,000 after purchasing an additional 550 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity Value Factor ETF by 8.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,336 shares of the company’s stock valued at $192,000 after purchasing an additional 267 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in shares of Fidelity Value Factor ETF in the 3rd quarter worth $214,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Fidelity Value Factor ETF by 16.7% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,105 shares of the company’s stock worth $236,000 after buying an additional 586 shares during the last quarter.

Fidelity Value Factor ETF Trading Up 0.5 %

Shares of NYSEARCA FVAL opened at $64.03 on Thursday. The stock has a market capitalization of $893.22 million, a price-to-earnings ratio of 15.28 and a beta of 0.93. Fidelity Value Factor ETF has a 12-month low of $51.26 and a 12-month high of $64.49. The firm’s 50-day moving average price is $62.43 and its 200-day moving average price is $59.64.

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.