Kestra Advisory Services LLC Reduces Holdings in Fidelity Value Factor ETF $FVAL

Kestra Advisory Services LLC decreased its position in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 25.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,059 shares of the company’s stock after selling 49,244 shares during the period. Kestra Advisory Services LLC’s holdings in Fidelity Value Factor ETF were worth $10,206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FVAL. Ethos Capital Management Inc. purchased a new position in shares of Fidelity Value Factor ETF during the 4th quarter worth about $1,553,000. Diversify Advisory Services LLC purchased a new stake in Fidelity Value Factor ETF in the 4th quarter worth about $869,000. Dynamic Advisor Solutions LLC lifted its stake in Fidelity Value Factor ETF by 61.3% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 290,237 shares of the company’s stock worth $20,975,000 after purchasing an additional 110,322 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Fidelity Value Factor ETF by 200.4% in the fourth quarter. Farther Finance Advisors LLC now owns 17,100 shares of the company’s stock worth $1,236,000 after purchasing an additional 11,408 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity Value Factor ETF by 3,648.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 113,362 shares of the company’s stock valued at $8,193,000 after buying an additional 110,338 shares during the period.

Fidelity Value Factor ETF Stock Performance

FVAL opened at $79.40 on Monday. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. The stock’s 50 day moving average price is $78.26 and its 200-day moving average price is $74.61. Fidelity Value Factor ETF has a one year low of $63.43 and a one year high of $80.69.

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.