Envestnet Portfolio Solutions Inc. Lowers Holdings in Fidelity Value Factor ETF $FVAL

Envestnet Portfolio Solutions Inc. decreased its holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 42.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,807 shares of the company’s stock after selling 12,564 shares during the period. Envestnet Portfolio Solutions Inc. owned 0.11% of Fidelity Value Factor ETF worth $1,157,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its holdings in Fidelity Value Factor ETF by 7.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,398,051 shares of the company’s stock worth $89,293,000 after purchasing an additional 94,266 shares in the last quarter. High Probability Advisors LLC lifted its holdings in shares of Fidelity Value Factor ETF by 3.1% in the third quarter. High Probability Advisors LLC now owns 427,612 shares of the company’s stock worth $29,450,000 after buying an additional 12,675 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of Fidelity Value Factor ETF during the third quarter worth $27,668,000. Custos Family Office LLC boosted its position in shares of Fidelity Value Factor ETF by 0.7% during the second quarter. Custos Family Office LLC now owns 321,535 shares of the company’s stock worth $20,536,000 after acquiring an additional 2,292 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Fidelity Value Factor ETF by 7.4% during the second quarter. JPMorgan Chase & Co. now owns 208,079 shares of the company’s stock valued at $13,290,000 after acquiring an additional 14,416 shares in the last quarter.

Fidelity Value Factor ETF Stock Performance

Shares of NYSEARCA FVAL opened at $73.89 on Wednesday. The company has a market cap of $1.14 billion, a P/E ratio of 19.06 and a beta of 0.97. Fidelity Value Factor ETF has a 52-week low of $51.58 and a 52-week high of $74.07. The firm’s fifty day moving average is $72.24 and its two-hundred day moving average is $69.37.

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.