Thrivent Financial for Lutherans Has $28.77 Million Stock Holdings in Fidelity Value Factor ETF $FVAL

Thrivent Financial for Lutherans boosted its position in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) by 1,449.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 417,772 shares of the company’s stock after buying an additional 390,802 shares during the period. Thrivent Financial for Lutherans’ holdings in Fidelity Value Factor ETF were worth $28,772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FVAL. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Value Factor ETF by 7.2% during the second quarter. Envestnet Asset Management Inc. now owns 1,398,051 shares of the company’s stock worth $89,293,000 after buying an additional 94,266 shares in the last quarter. High Probability Advisors LLC boosted its holdings in shares of Fidelity Value Factor ETF by 3.1% in the 3rd quarter. High Probability Advisors LLC now owns 427,612 shares of the company’s stock worth $29,450,000 after acquiring an additional 12,675 shares in the last quarter. Merit Financial Group LLC bought a new stake in Fidelity Value Factor ETF during the 3rd quarter worth approximately $27,668,000. JPMorgan Chase & Co. increased its holdings in Fidelity Value Factor ETF by 7.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 208,079 shares of the company’s stock valued at $13,290,000 after purchasing an additional 14,416 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in 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 valued at $12,391,000 after purchasing an additional 1,693 shares in the last quarter.

Fidelity Value Factor ETF Stock Performance

Shares of FVAL opened at $74.40 on Tuesday. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 19.06 and a beta of 0.97. The stock has a fifty day moving average price of $72.64 and a two-hundred day moving average price of $69.64. Fidelity Value Factor ETF has a 52-week low of $51.58 and a 52-week high of $74.57.

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.