Fidelity Value Factor ETF (NYSEARCA:FVAL) Stock Price Breaks Above Fifty Day Moving Average – Should You Sell?

Fidelity Value Factor ETF (NYSEARCA:FVAL) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $82.08 and traded as high as $82.35. Fidelity Value Factor ETF shares last traded at $82.12, with a volume of 24,004 shares changing hands.

Fidelity Value Factor ETF Stock Performance

The company has a 50-day simple moving average of $82.08 and a 200 day simple moving average of $77.90. The company has a market capitalization of $1.37 billion, a P/E ratio of 17.76 and a beta of 0.96.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC grew its stake in shares of Fidelity Value Factor ETF by 61.2% in the third quarter. Kestra Advisory Services LLC now owns 234,149 shares of the company’s stock worth $18,910,000 after acquiring an additional 88,931 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Fidelity Value Factor ETF by 4.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,772,697 shares of the company’s stock valued at $138,154,000 after purchasing an additional 72,480 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Fidelity Value Factor ETF by 12.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock valued at $25,853,000 after purchasing an additional 36,428 shares during the last quarter. Cetera Investment Advisers raised its stake in Fidelity Value Factor ETF by 9.5% during the 1st quarter. Cetera Investment Advisers now owns 281,544 shares of the company’s stock valued at $19,539,000 after purchasing an additional 24,376 shares during the last quarter. Finally, Sigma Planning Corp acquired a new position in Fidelity Value Factor ETF during the 3rd quarter valued at $1,353,000.

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.