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

Kovack Advisors Inc. raised its stake in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,151 shares of the company’s stock after purchasing an additional 420 shares during the period. Kovack Advisors Inc.’s holdings in Fidelity Value Factor ETF were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in Fidelity Value Factor ETF by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 915,310 shares of the company’s stock valued at $55,468,000 after acquiring an additional 65,719 shares in the last quarter. FMR LLC raised its stake 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 acquiring an additional 26,275 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Fidelity Value Factor ETF by 3.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 575,998 shares of the company’s stock worth $34,905,000 after acquiring an additional 19,306 shares during the last quarter. High Probability Advisors LLC raised its stake in Fidelity Value Factor ETF by 2.2% in the 4th quarter. High Probability Advisors LLC now owns 363,818 shares of the company’s stock worth $22,383,000 after acquiring an additional 7,859 shares during the last quarter. Finally, Forbes Financial Planning Inc. raised its stake in shares of Fidelity Value Factor ETF by 8.5% during the 3rd quarter. Forbes Financial Planning Inc. now owns 99,950 shares of the company’s stock valued at $6,057,000 after buying an additional 7,832 shares during the last quarter.

Fidelity Value Factor ETF Stock Performance

NYSEARCA FVAL opened at $62.80 on Friday. The stock has a 50-day simple moving average of $63.02 and a two-hundred day simple moving average of $61.78. The firm has a market capitalization of $876.06 million, a P/E ratio of 15.28 and a beta of 0.93. Fidelity Value Factor ETF has a fifty-two week low of $54.46 and a fifty-two week high of $65.00.

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.