Traynor Capital Management Inc. Reduces Stake in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Traynor Capital Management Inc. reduced its stake in Fidelity Value Factor ETF (NYSEARCA:FVALFree Report) by 15.8% during the first quarter, Holdings Channel.com reports. The firm owned 46,878 shares of the company’s stock after selling 8,825 shares during the quarter. Traynor Capital Management Inc.’s holdings in Fidelity Value Factor ETF were worth $2,674,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc bought a new position in Fidelity Value Factor ETF in the 4th quarter worth $35,000. Silver Oak Securities Incorporated bought a new stake in Fidelity Value Factor ETF during the fourth quarter valued at about $47,000. Clarity Asset Management Inc. purchased a new position in shares of Fidelity Value Factor ETF during the fourth quarter valued at about $133,000. NewEdge Wealth LLC purchased a new position in shares of Fidelity Value Factor ETF during the fourth quarter valued at about $215,000. Finally, Strategic Blueprint LLC purchased a new position in shares of Fidelity Value Factor ETF during the fourth quarter valued at about $220,000.

Fidelity Value Factor ETF Price Performance

Shares of Fidelity Value Factor ETF stock traded up $0.23 during trading on Monday, reaching $57.58. 46,880 shares of the stock traded hands, compared to its average volume of 65,995. The company has a market capitalization of $803.24 million, a price-to-earnings ratio of 15.28 and a beta of 0.93. The business has a fifty day simple moving average of $56.27 and a two-hundred day simple moving average of $54.94. Fidelity Value Factor ETF has a 52-week low of $45.57 and a 52-week high of $57.81.

Fidelity Value Factor ETF Company Profile

(Free Report)

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.

See Also

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:FVALFree Report).

Institutional Ownership by Quarter for Fidelity Value Factor ETF (NYSEARCA:FVAL)

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