Ameritas Advisory Services LLC Trims Stock Holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Ameritas Advisory Services LLC decreased its position in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 9.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,432 shares of the company’s stock after selling 936 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Fidelity Value Factor ETF were worth $576,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FVAL. Avidian Wealth Enterprises LLC purchased a new stake in shares of Fidelity Value Factor ETF in the 1st quarter worth about $15,018,000. Colonial River Investments LLC bought a new stake in Fidelity Value Factor ETF during the first quarter worth about $256,000. Sunbelt Securities Inc. grew its holdings in Fidelity Value Factor ETF by 46.8% in the first quarter. Sunbelt Securities Inc. now owns 12,609 shares of the company’s stock worth $751,000 after purchasing an additional 4,019 shares during the period. Primoris Wealth Advisors LLC grew its holdings in Fidelity Value Factor ETF by 2.4% in the first quarter. Primoris Wealth Advisors LLC now owns 32,467 shares of the company’s stock worth $1,935,000 after purchasing an additional 776 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Fidelity Value Factor ETF by 17.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 26,056 shares of the company’s stock valued at $1,553,000 after purchasing an additional 3,827 shares in the last quarter.

Fidelity Value Factor ETF Stock Performance

FVAL stock opened at $64.27 on Thursday. The firm has a 50 day moving average price of $61.25 and a 200-day moving average price of $61.08. Fidelity Value Factor ETF has a 52-week low of $51.58 and a 52-week high of $65.00. The firm has a market capitalization of $973.69 million, a price-to-earnings ratio of 19.06 and a beta of 0.97.

Fidelity Value Factor ETF 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.