Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Strong Trading Volume – Still a Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL) shares saw strong trading volume on Thursday . 259,666 shares traded hands during trading, an increase of 268% from the previous session’s volume of 70,653 shares.The stock last traded at $60.41 and had previously closed at $60.42.

Fidelity Value Factor ETF Trading Down 0.6 %

The company has a fifty day moving average price of $62.49 and a two-hundred day moving average price of $61.94. The company has a market cap of $832.33 million, a price-to-earnings ratio of 19.40 and a beta of 1.03.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Investment Counsel Inc bought a new position in shares of Fidelity Value Factor ETF during the fourth quarter valued at $137,000. Kestra Investment Management LLC acquired a new stake in Fidelity Value Factor ETF during the 4th quarter valued at $149,000. Cullen Frost Bankers Inc. raised its position in Fidelity Value Factor ETF by 153.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 2,683 shares of the company’s stock valued at $165,000 after purchasing an additional 1,625 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in Fidelity Value Factor ETF in the fourth quarter worth $210,000. Finally, First Horizon Advisors Inc. bought a new stake in shares of Fidelity Value Factor ETF during the third quarter worth $214,000.

Fidelity Value Factor ETF Company Profile

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.