Commonwealth Equity Services LLC Reduces Holdings in Fidelity Value Factor ETF $FVAL

Commonwealth Equity Services LLC cut its stake in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 69.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 255,253 shares of the company’s stock after selling 574,945 shares during the period. Commonwealth Equity Services LLC owned about 1.66% of Fidelity Value Factor ETF worth $17,579,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of Fidelity Value Factor ETF by 5.6% in the 2nd quarter. IFP Advisors Inc now owns 3,317 shares of the company’s stock valued at $212,000 after purchasing an additional 176 shares during the period. Valmark Advisers Inc. increased its position in Fidelity Value Factor ETF by 0.7% during the second quarter. Valmark Advisers Inc. now owns 24,748 shares of the company’s stock worth $1,581,000 after buying an additional 179 shares during the period. Altfest L J & Co. Inc. lifted its stake in Fidelity Value Factor ETF by 1.0% in the third quarter. Altfest L J & Co. Inc. now owns 40,043 shares of the company’s stock valued at $2,758,000 after buying an additional 383 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Fidelity Value Factor ETF by 3.0% in the second quarter. J.W. Cole Advisors Inc. now owns 13,969 shares of the company’s stock valued at $892,000 after acquiring an additional 402 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Fidelity Value Factor ETF by 6.9% during the second quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock worth $497,000 after acquiring an additional 501 shares during the last quarter.

Fidelity Value Factor ETF Price Performance

Shares of Fidelity Value Factor ETF stock opened at $73.96 on Friday. The firm’s fifty day simple moving average is $71.52 and its 200-day simple moving average is $68.53. Fidelity Value Factor ETF has a 12 month low of $51.58 and a 12 month high of $74.07. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 19.06 and a beta of 0.97.

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.