Ethos Capital Management Inc. Invests $1.55 Million in Fidelity Value Factor ETF $FVAL

Ethos Capital Management Inc. purchased a new position in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,485 shares of the company’s stock, valued at approximately $1,553,000. Fidelity Value Factor ETF comprises 1.5% of Ethos Capital Management Inc.’s investment portfolio, making the stock its 23rd biggest position. Ethos Capital Management Inc. owned approximately 0.14% of Fidelity Value Factor ETF as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FVAL. Merit Financial Group LLC acquired a new position in Fidelity Value Factor ETF in the 3rd quarter valued at $27,668,000. Thrivent Financial for Lutherans grew its position in Fidelity Value Factor ETF by 1,449.0% in 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 last quarter. MAI Capital Management grew its position in Fidelity Value Factor ETF by 98.9% in the 3rd quarter. MAI Capital Management now owns 299,051 shares of the company’s stock worth $20,596,000 after purchasing an additional 148,716 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in Fidelity Value Factor ETF by 61.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 290,237 shares of the company’s stock worth $20,975,000 after purchasing an additional 110,322 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Fidelity Value Factor ETF by 5.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,476,362 shares of the company’s stock worth $101,677,000 after purchasing an additional 78,311 shares during the last quarter.

Fidelity Value Factor ETF Price Performance

NYSEARCA FVAL opened at $70.11 on Wednesday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 19.06 and a beta of 0.96. The company’s fifty day moving average is $71.89 and its two-hundred day moving average is $71.33. Fidelity Value Factor ETF has a 52-week low of $52.03 and a 52-week high of $74.64.

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.