Dynamic Advisor Solutions LLC Has $25.85 Million Position in Fidelity Value Factor ETF $FVAL

Dynamic Advisor Solutions LLC boosted its holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 12.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,727 shares of the company’s stock after buying an additional 36,428 shares during the quarter. Fidelity Value Factor ETF makes up approximately 0.7% of Dynamic Advisor Solutions LLC’s investment portfolio, making the stock its 26th largest position. Dynamic Advisor Solutions LLC owned 2.06% of Fidelity Value Factor ETF worth $25,853,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Fidelity Value Factor ETF by 0.5% in the 1st quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock valued at $9,835,000 after acquiring an additional 843 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Fidelity Value Factor ETF during the first quarter worth $1,656,000. NewEdge Advisors LLC lifted its holdings in shares of Fidelity Value Factor ETF by 6.9% during the second quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock worth $497,000 after purchasing an additional 501 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Fidelity Value Factor ETF in the second quarter worth $340,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Fidelity Value Factor ETF in the second quarter worth $1,074,000.

Fidelity Value Factor ETF Price Performance

NYSEARCA FVAL opened at $82.83 on Thursday. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. Fidelity Value Factor ETF has a twelve month low of $64.38 and a twelve month high of $83.54. The stock has a fifty day simple moving average of $79.11 and a 200 day simple moving average of $75.49.

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.