Envestnet Asset Management Inc. Grows Holdings in Fidelity Value Factor ETF $FVAL

Envestnet Asset Management Inc. grew its position in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 5.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,476,362 shares of the company’s stock after purchasing an additional 78,311 shares during the period. Envestnet Asset Management Inc. owned 0.10% of Fidelity Value Factor ETF worth $101,677,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. High Probability Advisors LLC lifted its stake in shares of Fidelity Value Factor ETF by 3.1% during the third quarter. High Probability Advisors LLC now owns 427,612 shares of the company’s stock valued at $29,450,000 after buying an additional 12,675 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Fidelity Value Factor ETF by 1,449.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 417,772 shares of the company’s stock worth $28,772,000 after purchasing an additional 390,802 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Fidelity Value Factor ETF during the third quarter worth $27,668,000. JPMorgan Chase & Co. grew its position in shares of Fidelity Value Factor ETF by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 208,079 shares of the company’s stock valued at $13,290,000 after purchasing an additional 14,416 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its position in shares of Fidelity Value Factor ETF by 0.9% in the third quarter. Dynamic Advisor Solutions LLC now owns 179,915 shares of the company’s stock valued at $12,391,000 after purchasing an additional 1,693 shares during the period.

Fidelity Value Factor ETF Trading Up 1.6%

NYSEARCA FVAL opened at $74.00 on Friday. The business’s 50-day moving average price is $72.85 and its 200 day moving average price is $69.86. Fidelity Value Factor ETF has a twelve month low of $51.58 and a twelve month high of $74.57. The company has a market capitalization of $1.15 billion, a PE ratio of 19.06 and a beta of 0.97.

About Fidelity Value Factor ETF

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.