Fidelity Value Factor ETF (NYSEARCA:FVAL) Sets New 1-Year High – Time to Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $72.16 and last traded at $72.23, with a volume of 148800 shares traded. The stock had previously closed at $71.46.

Fidelity Value Factor ETF Stock Up 1.1%

The firm has a 50-day moving average price of $70.03 and a 200 day moving average price of $66.88. The firm has a market capitalization of $1.12 billion, a PE ratio of 19.06 and a beta of 0.97.

Institutional Trading of Fidelity Value Factor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP raised its stake in shares of Fidelity Value Factor ETF by 7.7% in the third quarter. Allworth Financial LP now owns 10,293 shares of the company’s stock valued at $709,000 after acquiring an additional 735 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Fidelity Value Factor ETF by 89.3% during the third quarter. Sunbelt Securities Inc. now owns 16,258 shares of the company’s stock worth $1,120,000 after buying an additional 7,668 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of Fidelity Value Factor ETF by 3.8% during the third quarter. Kestra Private Wealth Services LLC now owns 108,943 shares of the company’s stock worth $7,503,000 after buying an additional 3,963 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Fidelity Value Factor ETF by 4.8% in the third quarter. Integrated Wealth Concepts LLC now owns 3,396 shares of the company’s stock valued at $234,000 after acquiring an additional 154 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Fidelity Value Factor ETF by 30.3% in the third quarter. Bank of America Corp DE now owns 183,623 shares of the company’s stock worth $12,646,000 after acquiring an additional 42,691 shares during the last quarter.

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.