JPMorgan Chase & Co. Increases Holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL)

JPMorgan Chase & Co. lifted its holdings in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 7.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 915,310 shares of the company’s stock after purchasing an additional 65,719 shares during the period. JPMorgan Chase & Co. owned about 0.07% of Fidelity Value Factor ETF worth $55,468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in Fidelity Value Factor ETF in the second quarter worth $32,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Value Factor ETF by 8.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,336 shares of the company’s stock worth $192,000 after acquiring an additional 267 shares during the period. First Horizon Advisors Inc. purchased a new stake in Fidelity Value Factor ETF in the 3rd quarter worth about $214,000. Integrated Wealth Concepts LLC raised its stake in Fidelity Value Factor ETF by 22.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,553 shares of the company’s stock valued at $276,000 after acquiring an additional 831 shares during the period. Finally, Kovack Advisors Inc. purchased a new stake in Fidelity Value Factor ETF during the third quarter valued at about $287,000.

Fidelity Value Factor ETF Stock Up 1.1 %

FVAL opened at $62.10 on Friday. The firm has a 50-day moving average price of $62.79 and a 200-day moving average price of $60.31. Fidelity Value Factor ETF has a twelve month low of $51.95 and a twelve month high of $64.49. The company has a market capitalization of $866.30 million, a price-to-earnings ratio of 15.28 and a beta of 0.93.

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.