Dynasty Wealth Management LLC Sells 1,542,166 Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL)

Dynasty Wealth Management LLC cut its stake in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 43.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,040,969 shares of the company’s stock after selling 1,542,166 shares during the quarter. Fidelity Value Factor ETF accounts for about 2.2% of Dynasty Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. Dynasty Wealth Management LLC owned approximately 14.63% of Fidelity Value Factor ETF worth $125,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FVAL. Kovack Advisors Inc. raised its position in shares of Fidelity Value Factor ETF by 8.9% in the 4th quarter. Kovack Advisors Inc. now owns 5,151 shares of the company’s stock worth $317,000 after acquiring an additional 420 shares in the last quarter. Capital Investment Counsel Inc purchased a new position in shares of Fidelity Value Factor ETF in the 4th quarter worth $137,000. Global Retirement Partners LLC grew its stake in shares of Fidelity Value Factor ETF by 228.2% during the 4th quarter. Global Retirement Partners LLC now owns 5,635 shares of the company’s stock valued at $347,000 after purchasing an additional 3,918 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Fidelity Value Factor ETF during the 4th quarter valued at $149,000. Finally, PUREfi Wealth LLC bought a new position in shares of Fidelity Value Factor ETF in the fourth quarter worth about $328,000.

Fidelity Value Factor ETF Stock Down 1.2 %

Shares of Fidelity Value Factor ETF stock opened at $62.01 on Friday. The company has a market capitalization of $865.04 million, a price-to-earnings ratio of 15.28 and a beta of 0.93. Fidelity Value Factor ETF has a 52 week low of $54.46 and a 52 week high of $65.00. The stock’s 50-day simple moving average is $63.00 and its 200-day simple moving average is $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.