Thrivent Financial for Lutherans Buys 390,802 Shares of Fidelity Value Factor ETF $FVAL

Thrivent Financial for Lutherans grew its stake in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 1,449.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 417,772 shares of the company’s stock after buying an additional 390,802 shares during the period. Thrivent Financial for Lutherans owned approximately 2.70% of Fidelity Value Factor ETF worth $28,772,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FVAL. 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 during the last quarter. High Probability Advisors LLC raised its position 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 valued at $29,450,000 after purchasing an additional 12,675 shares during the period. Merit Financial Group LLC bought a new position in shares of Fidelity Value Factor ETF in the third quarter valued at approximately $27,668,000. JPMorgan Chase & Co. lifted its stake 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 worth $13,290,000 after buying an additional 14,416 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Fidelity Value Factor ETF by 0.9% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 179,915 shares of the company’s stock worth $12,391,000 after buying an additional 1,693 shares during the period.

Fidelity Value Factor ETF Trading Up 0.8%

NYSEARCA:FVAL opened at $74.40 on Tuesday. The firm has a market capitalization of $1.15 billion, a PE ratio of 19.06 and a beta of 0.97. Fidelity Value Factor ETF has a 1 year low of $51.58 and a 1 year high of $74.57. The firm’s fifty day simple moving average is $72.64 and its 200 day simple moving average is $69.64.

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.