Fidelity International Value Factor ETF (NYSEARCA:FIVA) Sets New 1-Year High – Should You Buy?

Shares of Fidelity International Value Factor ETF (NYSEARCA:FIVAGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $40.42 and last traded at $40.3990, with a volume of 38734 shares. The stock had previously closed at $39.84.

Fidelity International Value Factor ETF Stock Down 0.1%

The stock has a market cap of $605.40 million, a price-to-earnings ratio of 11.15 and a beta of 0.72. The stock has a fifty day moving average of $39.30 and a two-hundred day moving average of $37.73.

Hedge Funds Weigh In On Fidelity International Value Factor ETF

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Fidelity International Value Factor ETF by 36.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 45,697 shares of the company’s stock worth $1,341,000 after purchasing an additional 12,289 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Fidelity International Value Factor ETF by 32.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,019 shares of the company’s stock worth $147,000 after purchasing an additional 1,231 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Fidelity International Value Factor ETF during the 2nd quarter worth approximately $205,000. Bank of America Corp DE raised its holdings in Fidelity International Value Factor ETF by 1.6% in the second quarter. Bank of America Corp DE now owns 26,382 shares of the company’s stock valued at $774,000 after buying an additional 411 shares during the period. Finally, Benjamin Edwards Inc. purchased a new position in Fidelity International Value Factor ETF in the second quarter valued at approximately $311,000.

About Fidelity International Value Factor ETF

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The Fidelity International Value Factor ETF (FIVA) is an exchange-traded fund that is based on the Fidelity International Value Factor index. The fund tracks a multi-factor index of large- and mid-cap value stocks from developed markets, ex-US. FIVA was launched on Jan 16, 2018 and is managed by Fidelity.

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