Fidelity Value Factor ETF $FVAL Shares Sold by AE Wealth Management LLC

AE Wealth Management LLC cut its holdings in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 76.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,959 shares of the company’s stock after selling 72,742 shares during the period. AE Wealth Management LLC owned approximately 0.15% of Fidelity Value Factor ETF worth $1,466,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cerity Partners LLC lifted its holdings in shares of Fidelity Value Factor ETF by 11.0% in the first quarter. Cerity Partners LLC now owns 7,845 shares of the company’s stock valued at $468,000 after purchasing an additional 776 shares in the last quarter. Sigma Planning Corp raised its position in shares of Fidelity Value Factor ETF by 22.8% in the first quarter. Sigma Planning Corp now owns 23,943 shares of the company’s stock valued at $1,427,000 after purchasing an additional 4,449 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of Fidelity Value Factor ETF by 142.5% in the first quarter. Cullen Frost Bankers Inc. now owns 6,507 shares of the company’s stock worth $388,000 after purchasing an additional 3,824 shares during the period. Kestra Private Wealth Services LLC grew its stake in shares of Fidelity Value Factor ETF by 18.9% in the first quarter. Kestra Private Wealth Services LLC now owns 101,902 shares of the company’s stock worth $6,072,000 after acquiring an additional 16,179 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Fidelity Value Factor ETF in the 1st quarter worth $51,000.

Fidelity Value Factor ETF Stock Up 0.5%

Shares of FVAL opened at $71.36 on Thursday. The stock’s 50-day moving average price is $69.24 and its 200 day moving average price is $65.44. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 19.06 and a beta of 0.97. Fidelity Value Factor ETF has a 12-month low of $51.58 and a 12-month high of $71.60.

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.