Envestnet Portfolio Solutions Inc. Sells 12,564 Shares of Fidelity Value Factor ETF $FVAL

Envestnet Portfolio Solutions Inc. decreased its holdings in Fidelity Value Factor ETF (NYSEARCA:FVAL) by 42.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,807 shares of the company’s stock after selling 12,564 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Fidelity Value Factor ETF were worth $1,157,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in Fidelity Value Factor ETF by 4,672.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,152 shares of the company’s stock worth $265,000 after buying an additional 4,065 shares during the period. Merit Financial Group LLC bought a new position in Fidelity Value Factor ETF in the 3rd quarter worth about $27,668,000. Flagship Wealth Advisors LLC purchased a new position in shares of Fidelity Value Factor ETF during the third quarter worth approximately $649,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Fidelity Value Factor ETF during the second quarter worth approximately $1,148,000. Finally, Schmidt P J Investment Management Inc. raised its stake in shares of Fidelity Value Factor ETF by 185.0% during the second quarter. Schmidt P J Investment Management Inc. now owns 13,335 shares of the company’s stock valued at $852,000 after acquiring an additional 8,656 shares in the last quarter.

Fidelity Value Factor ETF Stock Performance

Shares of NYSEARCA FVAL opened at $73.89 on Wednesday. Fidelity Value Factor ETF has a 52-week low of $51.58 and a 52-week high of $74.07. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 19.06 and a beta of 0.97. The stock has a 50 day moving average price of $72.24 and a 200 day moving average price of $69.37.

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.