Fidelity Value Factor ETF (NYSEARCA:FVAL) Reaches New 12-Month High – What’s Next?

Fidelity Value Factor ETF (NYSEARCA:FVAL)’s stock price reached a new 52-week high during trading 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 Trading Up 1.2 %

The stock has a market capitalization of $906.75 million, a P/E ratio of 15.28 and a beta of 0.93. The business’s fifty day simple moving average is $62.91 and its two-hundred day simple moving average is $61.40.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Several large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in shares of Fidelity Value Factor ETF by 19.3% in the third quarter. Private Advisor Group LLC now owns 7,284 shares of the company’s stock valued at $441,000 after purchasing an additional 1,177 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Fidelity Value Factor ETF by 1.7% during the 3rd 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 during the period. Fischer Investment Strategies LLC increased its stake in Fidelity Value Factor ETF by 24.4% in 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 raised its position in Fidelity Value Factor ETF by 6.9% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 54,979 shares of the company’s stock worth $3,332,000 after purchasing an additional 3,570 shares in the last quarter. Finally, Mutual Advisors LLC lifted its stake in Fidelity Value Factor ETF by 2.3% during the third 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.

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.