Sax Wealth Advisors LLC Invests $2.01 Million in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Sax Wealth Advisors LLC purchased a new stake in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) during the 4th quarter, Holdings Channel reports. The fund purchased 32,606 shares of the company’s stock, valued at approximately $2,006,000.

A number of other institutional investors have also added to or reduced their stakes in FVAL. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity Value Factor ETF by 8.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,336 shares of the company’s stock valued at $192,000 after buying an additional 267 shares in the last quarter. First Horizon Advisors Inc. bought a new position in shares of Fidelity Value Factor ETF in the 3rd quarter valued at $214,000. Integrated Wealth Concepts LLC lifted its stake in shares of Fidelity Value Factor ETF by 22.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,553 shares of the company’s stock valued at $276,000 after acquiring an additional 831 shares during the last quarter. Kovack Advisors Inc. acquired a new stake in shares of Fidelity Value Factor ETF during the 3rd quarter valued at $287,000. Finally, Cerity Partners LLC bought a new stake in Fidelity Value Factor ETF during the 3rd quarter worth $428,000.

Fidelity Value Factor ETF Stock Up 1.1 %

Shares of FVAL opened at $63.06 on Friday. The stock has a market cap of $879.69 million, a PE ratio of 15.28 and a beta of 0.93. Fidelity Value Factor ETF has a 12-month low of $51.98 and a 12-month high of $64.49. The business has a 50-day simple moving average of $62.87 and a two-hundred day simple moving average of $60.62.

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.