Meridian Wealth Management LLC Makes New Investment in Fidelity Value Factor ETF (NYSEARCA:FVAL)
Meridian Wealth Management LLC acquired a new stake in shares of Fidelity Value Factor ETF (NYSEARCA:FVAL – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,180 shares of the company’s stock, valued at approximately $275,000. Meridian Wealth Management LLC owned about 0.05% of Fidelity Value Factor ETF at the end of the most recent quarter. A number of other institutional investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its position in Fidelity Value Factor ETF by 134.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 53,806 shares of the company’s stock valued at $2,852,000 after purchasing an additional 30,870 shares during the last quarter. Spectrum Investment Advisors Inc. purchased a new stake in Fidelity Value Factor ETF in the fourth quarter worth $638,000. Principal Securities Inc. purchased a new stake in Fidelity Value Factor ETF in the fourth quarter worth $575,000. Ethos Financial Group LLC bought a new stake in Fidelity Value Factor ETF in the fourth quarter valued at $721,000. Finally, Commonwealth Equity Services LLC increased its position in Fidelity Value Factor ETF by 4.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 481,065 shares of the company’s stock valued at $25,495,000 after purchasing an additional 20,099 shares during the period. Fidelity Value Factor ETF Trading Up 0.0 % Shares of NYSEARCA FVAL opened at $57.26 on Monday. The firm has a fifty day simple moving average of $55.97 and a two-hundred day simple moving average of $53.67. The firm has a market capitalization of $798.78 million, a PE ratio of 15.28 and a beta of 0.93. Fidelity Value Factor ETF has a 12 month low of $45.57 and a 12 month high of $57.51. About Fidelity Value Factor ETF (Free Report) 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.
