$15 trillion FUA, $5.9 trillion in discretionary assets, 3.5 million daily trades. Fidelity is known for its active, bottom-up investing, with a large team of investment managers who travel the world to make investment decisions. They are going long and are taking position at the current PNV SP. Shorts are probably scratching their heads and asking the same question as you are. How much will they buy and what does it all mean? Fundamentally FIL is buying because someone there believes that PNV is undervalued at present and offers an attractive investment proposition for the duration of their investment.
PNV Price at posting:
$1.28 Sentiment: Buy Disclosure: Held
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