Thrivent Financial for Lutherans Trims Stock Position in Fidelity Value Factor ETF (NYSEARCA:FVAL)

Thrivent Financial for Lutherans reduced its stake in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 0.7% during the 4th quarter, HoldingsChannel reports. The firm owned 571,800 shares of the company’s stock after selling 4,198 shares during the period. Thrivent Financial for Lutherans’ holdings in Fidelity Value Factor ETF were worth $36,344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Fidelity Value Factor ETF by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 915,310 shares of the company’s stock valued at $55,468,000 after buying an additional 65,719 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Fidelity Value Factor ETF by 169.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 85,723 shares of the company’s stock worth $5,274,000 after acquiring an additional 53,910 shares during the period. Sax Wealth Advisors LLC purchased a new stake in shares of Fidelity Value Factor ETF in the fourth quarter valued at about $2,006,000. FMR LLC increased its stake in shares of Fidelity Value Factor ETF by 3.2% during the third quarter. FMR LLC now owns 846,651 shares of the company’s stock worth $51,307,000 after acquiring an additional 26,275 shares during the period. Finally, Unique Wealth LLC raised its holdings in Fidelity Value Factor ETF by 62.9% during the fourth quarter. Unique Wealth LLC now owns 53,217 shares of the company’s stock worth $3,274,000 after purchasing an additional 20,542 shares in the last quarter.

Fidelity Value Factor ETF Trading Up 0.8 %

Shares of FVAL opened at $60.42 on Thursday. The stock’s 50 day moving average is $62.56 and its two-hundred day moving average is $61.95. Fidelity Value Factor ETF has a twelve month low of $54.46 and a twelve month high of $65.00. The firm has a market capitalization of $975.78 million, a PE ratio of 19.70 and a beta of 1.03.

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.