Fidelity Value Factor ETF $FVAL Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. decreased its position in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 31.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,876 shares of the company’s stock after selling 7,872 shares during the period. Valmark Advisers Inc. owned 0.11% of Fidelity Value Factor ETF worth $1,162,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FVAL. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Fidelity Value Factor ETF during the second quarter worth approximately $65,000. IFP Advisors Inc raised its position in 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 last quarter. New England Private Wealth Advisors LLC acquired a new stake in Fidelity Value Factor ETF during the 2nd quarter worth $215,000. Kestra Investment Management LLC acquired a new stake in Fidelity Value Factor ETF during the 2nd quarter worth $223,000. Finally, Farther Finance Advisors LLC grew its position in Fidelity Value Factor ETF by 4,672.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,152 shares of the company’s stock worth $265,000 after purchasing an additional 4,065 shares during the last quarter.

Fidelity Value Factor ETF Stock Performance

NYSEARCA FVAL opened at $73.96 on Monday. The firm’s fifty day moving average is $71.52 and its two-hundred day moving average is $68.61. Fidelity Value Factor ETF has a one year low of $51.58 and a one year high of $74.07. The firm has a market cap of $1.14 billion, a PE 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.