Fidelity Value Factor ETF (NYSEARCA:FVAL) Hits New 1-Year High – Here’s Why

Fidelity Value Factor ETF (NYSEARCA:FVAL)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $64.49 and last traded at $64.44, with a volume of 15666 shares changing hands. The stock had previously closed at $64.22.

Fidelity Value Factor ETF Stock Performance

The company’s 50 day moving average price is $62.91 and its 200-day moving average price is $61.40. The company has a market cap of $906.75 million, a price-to-earnings ratio of 15.28 and a beta of 0.93.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC raised its holdings in Fidelity Value Factor ETF by 19.3% during the 3rd quarter. Private Advisor Group LLC now owns 7,284 shares of the company’s stock worth $441,000 after buying an additional 1,177 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Fidelity Value Factor ETF by 1.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,477 shares of the company’s stock worth $696,000 after acquiring an additional 188 shares in the last quarter. Fischer Investment Strategies LLC raised its holdings in shares of Fidelity Value Factor ETF by 24.4% during the third quarter. Fischer Investment Strategies LLC now owns 125,695 shares of the company’s stock valued at $7,617,000 after acquiring an additional 24,618 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Fidelity Value Factor ETF by 6.9% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 54,979 shares of the company’s stock valued at $3,332,000 after acquiring an additional 3,570 shares in the last quarter. Finally, Mutual Advisors LLC boosted its stake in Fidelity Value Factor ETF by 2.3% in the 3rd quarter. Mutual Advisors LLC now owns 33,674 shares of the company’s stock worth $2,065,000 after purchasing an additional 744 shares during the period.

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.