Northwestern Mutual Wealth Management Co. Raises Stock Holdings in Fidelity Value Factor ETF $FVAL

Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 3,648.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,362 shares of the company’s stock after purchasing an additional 110,338 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.73% of Fidelity Value Factor ETF worth $8,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in FVAL. Harbor Asset Planning Inc. acquired a new position in Fidelity Value Factor ETF in the fourth quarter valued at $39,000. Woodard & Co. Asset Management Group Inc. ADV increased its stake in Fidelity Value Factor ETF by 709.0% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 542 shares of the company’s stock valued at $39,000 after purchasing an additional 475 shares during the last quarter. Capital Investment Counsel Inc acquired a new position in Fidelity Value Factor ETF in the fourth quarter valued at $161,000. Silver Oak Securities Incorporated acquired a new position in Fidelity Value Factor ETF in the fourth quarter valued at $202,000. Finally, Sowell Financial Services LLC acquired a new stake in Fidelity Value Factor ETF during the fourth quarter worth about $203,000.

Fidelity Value Factor ETF Price Performance

Shares of NYSEARCA:FVAL opened at $78.62 on Friday. The firm has a market capitalization of $1.26 billion, a PE ratio of 19.06 and a beta of 0.95. The business has a 50-day moving average of $73.43 and a two-hundred day moving average of $72.71. Fidelity Value Factor ETF has a 12 month low of $60.07 and a 12 month high of $78.85.

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.