Forbes Financial Planning Inc. Acquires 1,275 Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL)

Forbes Financial Planning Inc. increased its holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 1.3% in the 4th quarter, Holdings Channel reports. The fund owned 101,225 shares of the company’s stock after buying an additional 1,275 shares during the quarter. Fidelity Value Factor ETF accounts for about 4.6% of Forbes Financial Planning Inc.’s investment portfolio, making the stock its 11th biggest position. Forbes Financial Planning Inc.’s holdings in Fidelity Value Factor ETF were worth $6,228,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FVAL. Thrivent Financial for Lutherans grew its position in Fidelity Value Factor ETF by 3.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 575,998 shares of the company’s stock valued at $34,905,000 after purchasing an additional 19,306 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in Fidelity Value Factor ETF during the 3rd quarter valued at about $214,000. Darwin Wealth Management LLC purchased a new stake in Fidelity Value Factor ETF during the 3rd quarter valued at about $1,154,000. Cerity Partners LLC purchased a new stake in Fidelity Value Factor ETF during the 3rd quarter valued at about $428,000. Finally, FMR LLC grew its position in Fidelity Value Factor ETF by 3.2% during the 3rd quarter. FMR LLC now owns 846,651 shares of the company’s stock valued at $51,307,000 after purchasing an additional 26,275 shares during the last quarter.

Fidelity Value Factor ETF Stock Performance

Shares of FVAL stock opened at $59.93 on Wednesday. The company’s 50-day moving average is $62.59 and its 200 day moving average is $61.96. The company has a market capitalization of $967.87 million, a price-to-earnings ratio of 19.70 and a beta of 1.03. Fidelity Value Factor ETF has a one year low of $54.46 and a one year high of $65.00.

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.