Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) saw unusually-strong trading volume on Friday . 126,630 shares traded hands during trading, an increase of 189% from the previous session’s volume of 43,888 shares.The stock last traded at $83.18 and had previously closed at $82.70.

Fidelity Value Factor ETF Price Performance

The company has a market capitalization of $1.38 billion, a P/E ratio of 19.06 and a beta of 0.95. The business has a 50-day moving average of $79.23 and a 200-day moving average of $75.62.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its holdings in Fidelity Value Factor ETF by 4.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 3,396 shares of the company’s stock valued at $234,000 after purchasing an additional 154 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in Fidelity Value Factor ETF by 3.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 8,872 shares of the company’s stock worth $641,000 after purchasing an additional 273 shares during the last quarter. Spectrum Investment Advisors Inc. boosted its position in shares of Fidelity Value Factor ETF by 1.8% during the fourth quarter. Spectrum Investment Advisors Inc. now owns 15,262 shares of the company’s stock valued at $1,103,000 after buying an additional 275 shares during the period. Foronjy Financial LLC boosted its position in shares of Fidelity Value Factor ETF by 9.9% during the fourth quarter. Foronjy Financial LLC now owns 3,596 shares of the company’s stock valued at $260,000 after buying an additional 324 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Fidelity Value Factor ETF by 3.3% during the fourth quarter. Allworth Financial LP now owns 10,628 shares of the company’s stock valued at $768,000 after buying an additional 335 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.