JPMorgan Chase & Co. Acquires 1,313,572 Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL)

JPMorgan Chase & Co. boosted its stake in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 143.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,228,882 shares of the company’s stock after acquiring an additional 1,313,572 shares during the period. JPMorgan Chase & Co. owned 15.98% of Fidelity Value Factor ETF worth $137,128,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC boosted its stake in shares of Fidelity Value Factor ETF by 2.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 10,368 shares of the company’s stock valued at $638,000 after purchasing an additional 240 shares in the last quarter. Atomi Financial Group Inc. boosted its position in Fidelity Value Factor ETF by 3.5% during the 4th quarter. Atomi Financial Group Inc. now owns 8,901 shares of the company’s stock valued at $548,000 after acquiring an additional 305 shares in the last quarter. Kovack Advisors Inc. grew its holdings in shares of Fidelity Value Factor ETF by 8.9% during the 4th quarter. Kovack Advisors Inc. now owns 5,151 shares of the company’s stock worth $317,000 after acquiring an additional 420 shares during the period. Spectrum Investment Advisors Inc. lifted its stake in shares of Fidelity Value Factor ETF by 4.2% in the 4th quarter. Spectrum Investment Advisors Inc. now owns 13,923 shares of the company’s stock valued at $857,000 after purchasing an additional 559 shares during the period. Finally, Cedar Point Capital Partners LLC boosted its position in shares of Fidelity Value Factor ETF by 1.5% during the fourth quarter. Cedar Point Capital Partners LLC now owns 52,274 shares of the company’s stock valued at $3,216,000 after purchasing an additional 787 shares in the last quarter.

Fidelity Value Factor ETF Trading Up 0.2 %

FVAL opened at $59.72 on Wednesday. The company has a market cap of $830.11 million, a price-to-earnings ratio of 19.40 and a beta of 1.03. The stock has a fifty day simple moving average of $62.16 and a two-hundred day simple moving average of $62.09. Fidelity Value Factor ETF has a 12-month low of $54.46 and a 12-month high of $65.00.

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.