Fidelity Value Factor ETF (NYSEARCA:FVAL) is Goodwin Investment Advisory’s 3rd Largest Position

Goodwin Investment Advisory lowered its holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 76.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,276 shares of the company’s stock after selling 632,754 shares during the quarter. Fidelity Value Factor ETF accounts for about 6.0% of Goodwin Investment Advisory’s holdings, making the stock its 3rd biggest position. Goodwin Investment Advisory owned about 1.36% of Fidelity Value Factor ETF worth $11,458,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Capital Investment Counsel Inc acquired a new stake in shares of Fidelity Value Factor ETF in the fourth quarter valued at about $137,000. Kestra Investment Management LLC acquired a new stake in shares of Fidelity Value Factor ETF during the 4th quarter valued at approximately $149,000. Foundations Investment Advisors LLC purchased a new stake in shares of Fidelity Value Factor ETF during the 4th quarter worth approximately $210,000. First Horizon Advisors Inc. acquired a new stake in shares of Fidelity Value Factor ETF in the 3rd quarter worth approximately $214,000. Finally, Integrated Wealth Concepts LLC increased its stake in Fidelity Value Factor ETF by 22.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,553 shares of the company’s stock valued at $276,000 after purchasing an additional 831 shares in the last quarter.

Fidelity Value Factor ETF Stock Performance

Shares of FVAL stock opened at $62.80 on Friday. The stock has a market cap of $876.06 million, a PE ratio of 15.28 and a beta of 0.93. Fidelity Value Factor ETF has a 1 year low of $54.46 and a 1 year high of $65.00. The stock has a fifty day moving average price of $63.00 and a 200 day moving average price of $61.74.

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.