Should Fidelity Value Factor ETF (FVAL) Be on Your Investing Radar?
If you're interested in broad exposure to the Large Cap Value segment of the US equity market, look no further than the Fidelity Value Factor ETF (FVAL), a passively managed exchange traded fund launched on 09/12/2016.
Is Fidelity Value Factor ETF (FVAL) a Strong ETF Right Now?
The Fidelity Value Factor ETF (FVAL) was launched on 09/12/2016, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Value category of the market.
FVAL: Divorcing The Size Factor From Value
FVAL tracks the Fidelity U.S. Value Factor Index, focusing on undervalued large-cap and mid-cap stocks in the U.S. While FVAL has shown decent performance, its high concentration risk and expense ratio of 0.15% for the potentially small performance spread may limit its value to investors. Size and quality are also components of value and by not at least including the first one in its approach, this ETF doesn't seem like a good value ETF.
Consider FVAL When Adding Value
The significant performance of several mega-cap growth stocks buoyed equity markets for much of this year. Amid the rise in stocks, concerns over valuations have many investors looking for more attractively priced companies.
Meridian Wealth Management LLC Makes New Investment in Fidelity Value Factor ETF (NYSEARCA:FVAL)
Meridian Wealth Management LLC acquired a new stake in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,180 shares of the company’s stock, valued at approximately $275,000. Meridian Wealth Management LLC owned about 0.05% of Fidelity Value Factor ETF at the end of the most recent quarter. A number of other institutional investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its position in Fidelity Value Factor ETF by 134.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 53,806 shares of the company’s stock valued at $2,852,000 after purchasing an additional 30,870 shares during the last quarter. Spectrum Investment Advisors Inc. purchased a new stake in Fidelity Value Factor ETF in the fourth quarter worth $638,000. Principal Securities Inc. purchased a new stake in Fidelity Value Factor ETF in the fourth quarter worth $575,000. Ethos Financial Group LLC bought a new stake in Fidelity Value Factor ETF in the fourth quarter valued at $721,000. Finally, Commonwealth Equity Services LLC increased its position in Fidelity Value Factor ETF by 4.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 481,065 shares of the company’s stock valued at $25,495,000 after purchasing an additional 20,099 shares during the period. Fidelity Value Factor ETF Trading Up 0.0 % Shares of NYSEARCA FVAL opened at $57.26 on Monday. The firm has a fifty day simple moving average of $55.97 and a two-hundred day simple moving average of $53.67. The firm has a market capitalization of $798.78 million, a PE ratio of 15.28 and a beta of 0.93. Fidelity Value Factor ETF has a 12 month low of $45.57 and a 12 month high of $57.51. About Fidelity Value Factor ETF (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.
