Kestra Advisory Services LLC Lowers Stake in Fidelity Value Factor ETF $FVAL

Kestra Advisory Services LLC reduced its position in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 25.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,059 shares of the company’s stock after selling 49,244 shares during the quarter. Kestra Advisory Services LLC owned approximately 0.92% of Fidelity Value Factor ETF worth $10,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Beacon Advisors Holdings LLC purchased a new position in shares of Fidelity Value Factor ETF during the 4th quarter valued at $13,819,000. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Value Factor ETF by 3,648.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 113,362 shares of the company’s stock worth $8,193,000 after buying an additional 110,338 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Fidelity Value Factor ETF by 61.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 290,237 shares of the company’s stock valued at $20,975,000 after acquiring an additional 110,322 shares during the period. Empowered Funds LLC bought a new stake in Fidelity Value Factor ETF during the fourth quarter valued at about $5,147,000. Finally, Bank of America Corp DE lifted its position in shares of Fidelity Value Factor ETF by 30.3% in the third quarter. Bank of America Corp DE now owns 183,623 shares of the company’s stock valued at $12,646,000 after acquiring an additional 42,691 shares in the last quarter.

Fidelity Value Factor ETF Price Performance

NYSEARCA FVAL opened at $79.40 on Monday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. The business has a 50-day moving average price of $78.26 and a 200-day moving average price of $74.61. Fidelity Value Factor ETF has a twelve month low of $63.43 and a twelve month 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.