Avaii Wealth Management LLC Reduces Stock Position in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Avaii Wealth Management LLC decreased its holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,628 shares of the company’s stock after selling 196 shares during the quarter. Avaii Wealth Management LLC’s holdings in Fidelity Value Factor ETF were worth $285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Value Factor ETF by 8.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,336 shares of the company’s stock worth $192,000 after purchasing an additional 267 shares during the last quarter. Cetera Investment Advisers boosted its position in Fidelity Value Factor ETF by 5.1% in the 2nd quarter. Cetera Investment Advisers now owns 100,006 shares of the company’s stock valued at $5,759,000 after buying an additional 4,892 shares during the period. Unique Wealth LLC bought a new position in Fidelity Value Factor ETF in the 3rd quarter worth about $1,980,000. Dynamic Advisor Solutions LLC increased its position in shares of Fidelity Value Factor ETF by 3.6% during the third quarter. Dynamic Advisor Solutions LLC now owns 163,423 shares of the company’s stock worth $9,903,000 after acquiring an additional 5,735 shares during the period. Finally, Atomi Financial Group Inc. raised its stake in shares of Fidelity Value Factor ETF by 28.6% during the third quarter. Atomi Financial Group Inc. now owns 8,596 shares of the company’s stock valued at $521,000 after acquiring an additional 1,912 shares in the last quarter.

Fidelity Value Factor ETF Stock Performance

Shares of NYSEARCA FVAL opened at $63.99 on Friday. Fidelity Value Factor ETF has a 52-week low of $53.00 and a 52-week high of $64.49. The firm has a market capitalization of $892.66 million, a price-to-earnings ratio of 15.28 and a beta of 0.93. The stock has a 50 day moving average price of $62.93 and a 200 day moving average price of $60.83.

Fidelity Value Factor ETF Company 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.