Merit Financial Group LLC Takes $27.67 Million Position in Fidelity Value Factor ETF $FVAL

Merit Financial Group LLC acquired a new position in Fidelity Value Factor ETF (NYSEARCA:FVALFree Report) during the third quarter, Holdings Channel reports. The institutional investor acquired 401,738 shares of the company’s stock, valued at approximately $27,668,000.

Several other large investors have also made changes to their positions in FVAL. Twin Peaks Wealth Advisors LLC bought a new stake in Fidelity Value Factor ETF during the 2nd quarter valued at approximately $65,000. IFP Advisors Inc lifted its holdings in shares of Fidelity Value Factor ETF by 5.6% during the second quarter. IFP Advisors Inc now owns 3,317 shares of the company’s stock worth $212,000 after buying an additional 176 shares during the last quarter. New England Private Wealth Advisors LLC acquired a new position in shares of Fidelity Value Factor ETF during the second quarter worth approximately $215,000. Kestra Investment Management LLC bought a new stake in shares of Fidelity Value Factor ETF in the second quarter valued at approximately $223,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Fidelity Value Factor ETF by 4,672.4% in the second quarter. Farther Finance Advisors LLC now owns 4,152 shares of the company’s stock worth $265,000 after acquiring an additional 4,065 shares during the last quarter.

Fidelity Value Factor ETF Trading Up 0.0%

Shares of FVAL stock opened at $72.89 on Wednesday. The firm has a market capitalization of $1.13 billion, a P/E ratio of 19.06 and a beta of 0.97. Fidelity Value Factor ETF has a 1 year low of $51.58 and a 1 year high of $73.59. The firm’s fifty day simple moving average is $71.10 and its 200 day simple moving average is $68.01.

Fidelity Value Factor ETF Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding FVAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Value Factor ETF (NYSEARCA:FVALFree Report).

Institutional Ownership by Quarter for Fidelity Value Factor ETF (NYSEARCA:FVAL)

Receive News & Ratings for Fidelity Value Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Value Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.