Kovack Advisors Inc. Grows Stock Position in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Kovack Advisors Inc. increased its position in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 8.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,151 shares of the company’s stock after purchasing an additional 420 shares during the quarter. Kovack Advisors Inc.’s holdings in Fidelity Value Factor ETF were worth $317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of 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. FMR LLC grew its stake in shares of Fidelity Value Factor ETF by 3.2% during the third quarter. FMR LLC now owns 846,651 shares of the company’s stock worth $51,307,000 after purchasing an additional 26,275 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Fidelity Value Factor ETF by 3.5% during the third quarter. Thrivent Financial for Lutherans now owns 575,998 shares of the company’s stock worth $34,905,000 after purchasing an additional 19,306 shares in the last quarter. High Probability Advisors LLC grew its stake in shares of Fidelity Value Factor ETF by 2.2% during the fourth quarter. High Probability Advisors LLC now owns 363,818 shares of the company’s stock worth $22,383,000 after purchasing an additional 7,859 shares in the last quarter. Finally, Forbes Financial Planning Inc. boosted its stake in Fidelity Value Factor ETF by 8.5% in the third quarter. Forbes Financial Planning Inc. now owns 99,950 shares of the company’s stock valued at $6,057,000 after acquiring an additional 7,832 shares in the last quarter.

Fidelity Value Factor ETF Price Performance

NYSEARCA FVAL opened at $62.80 on Friday. Fidelity Value Factor ETF has a 1 year low of $54.46 and a 1 year high of $65.00. The company has a market capitalization of $876.06 million, a PE ratio of 15.28 and a beta of 0.93. The company has a fifty day moving average of $63.02 and a two-hundred day moving average of $61.78.

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.