Fidelity Value Factor ETF (NYSEARCA:FVAL) Sets New 12-Month High – Here’s What Happened

Fidelity Value Factor ETF (NYSEARCA:FVAL)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $72.77 and last traded at $72.7190, with a volume of 36187 shares trading hands. The stock had previously closed at $72.17.

Fidelity Value Factor ETF Trading Up 0.8%

The company has a 50-day moving average price of $70.52 and a two-hundred day moving average price of $67.49. The stock has a market cap of $1.13 billion, a P/E ratio of 19.06 and a beta of 0.97.

Institutional Investors Weigh In On Fidelity Value Factor ETF

A number of institutional investors have recently added to or reduced their stakes in FVAL. Merit Financial Group LLC purchased a new position in shares of Fidelity Value Factor ETF in the 3rd quarter valued at approximately $27,668,000. Thrivent Financial for Lutherans increased its holdings in shares of Fidelity Value Factor ETF by 1,449.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 417,772 shares of the company’s stock valued at $28,772,000 after purchasing an additional 390,802 shares in the last quarter. MAI Capital Management raised its position in shares of Fidelity Value Factor ETF by 98.9% in the third quarter. MAI Capital Management now owns 299,051 shares of the company’s stock worth $20,596,000 after acquiring an additional 148,716 shares during the period. Envestnet Asset Management Inc. grew its holdings in Fidelity Value Factor ETF by 7.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,398,051 shares of the company’s stock valued at $89,293,000 after purchasing an additional 94,266 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Fidelity Value Factor ETF by 30.3% during the 3rd quarter. Bank of America Corp DE now owns 183,623 shares of the company’s stock worth $12,646,000 after buying an additional 42,691 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.