Principal Securities Inc. Lowers Stock Position in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Principal Securities Inc. decreased its position in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 31.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,751 shares of the company’s stock after selling 1,282 shares during the period. Principal Securities Inc.’s holdings in Fidelity Value Factor ETF were worth $169,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Fidelity Value Factor ETF by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 915,310 shares of the company’s stock worth $55,468,000 after acquiring an additional 65,719 shares during the period. Kestra Private Wealth Services LLC raised its position in shares of Fidelity Value Factor ETF by 169.5% during the 4th quarter. Kestra Private Wealth Services LLC now owns 85,723 shares of the company’s stock worth $5,274,000 after purchasing an additional 53,910 shares during the last quarter. Sax Wealth Advisors LLC purchased a new position in Fidelity Value Factor ETF in the 4th quarter valued at about $2,006,000. FMR LLC boosted its holdings in Fidelity Value Factor ETF by 3.2% in the 3rd quarter. FMR LLC now owns 846,651 shares of the company’s stock worth $51,307,000 after buying an additional 26,275 shares during the last quarter. Finally, Unique Wealth LLC increased its stake in Fidelity Value Factor ETF by 62.9% during the 4th quarter. Unique Wealth LLC now owns 53,217 shares of the company’s stock worth $3,274,000 after buying an additional 20,542 shares in the last quarter.

Fidelity Value Factor ETF Stock Performance

Shares of FVAL stock opened at $63.22 on Tuesday. Fidelity Value Factor ETF has a fifty-two week low of $54.46 and a fifty-two week high of $65.00. The stock’s fifty day moving average is $62.96 and its two-hundred day moving average is $61.68. The firm has a market capitalization of $881.92 million, a P/E ratio of 15.28 and a beta of 0.93.

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.