Farther Finance Advisors LLC Grows Holdings in Fidelity Value Factor ETF $FVAL

Farther Finance Advisors LLC increased its stake in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 4,672.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,152 shares of the company’s stock after buying an additional 4,065 shares during the period. Farther Finance Advisors LLC’s holdings in Fidelity Value Factor ETF were worth $265,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. AdvisorNet Financial Inc lifted its stake in Fidelity Value Factor ETF by 85.1% in the first quarter. AdvisorNet Financial Inc now owns 1,238 shares of the company’s stock valued at $74,000 after buying an additional 569 shares during the last quarter. High Probability Advisors LLC lifted its stake in Fidelity Value Factor ETF by 3.8% in the first quarter. High Probability Advisors LLC now owns 377,788 shares of the company’s stock valued at $22,512,000 after buying an additional 13,970 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Fidelity Value Factor ETF by 8.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 173,901 shares of the company’s stock valued at $10,363,000 after buying an additional 13,150 shares during the last quarter. Bouvel Investment Partners LLC lifted its stake in Fidelity Value Factor ETF by 4.1% in the first quarter. Bouvel Investment Partners LLC now owns 50,132 shares of the company’s stock valued at $3,038,000 after buying an additional 1,990 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Fidelity Value Factor ETF by 17.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 26,056 shares of the company’s stock valued at $1,553,000 after buying an additional 3,827 shares during the last quarter.

Fidelity Value Factor ETF Stock Performance

FVAL stock opened at $68.87 on Wednesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 19.06 and a beta of 1.05. Fidelity Value Factor ETF has a 1 year low of $51.58 and a 1 year high of $69.36. The stock’s fifty day moving average is $66.91 and its two-hundred day moving average is $62.77.

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.