Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Large Volume Increase – Here’s What Happened

Shares of Fidelity Value Factor ETF (NYSEARCA:FVALGet Free Report) saw an uptick in trading volume on Thursday . Approximately 170,104 shares changed hands during trading, an increase of 286% from the previous session’s volume of 44,047 shares.The stock last traded at $82.52 and had previously closed at $82.90.

Fidelity Value Factor ETF Stock Down 0.5%

The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. The business’s fifty day moving average is $79.83 and its 200 day moving average is $76.17.

Institutional Trading of Fidelity Value Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Greenline Wealth Management LLC bought a new stake in shares of Fidelity Value Factor ETF in the fourth quarter valued at about $32,000. Wells Fargo & Company MN lifted its stake in Fidelity Value Factor ETF by 516.4% in the 4th quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock valued at $33,000 after acquiring an additional 377 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV lifted its stake in Fidelity Value Factor ETF by 709.0% in the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 542 shares of the company’s stock valued at $39,000 after acquiring an additional 475 shares in the last quarter. Compass Financial Management LLC acquired a new position in Fidelity Value Factor ETF during the 2nd quarter worth approximately $65,000. Finally, Lavaca Capital LLC acquired a new position in Fidelity Value Factor ETF during the 1st quarter worth approximately $66,000.

About Fidelity Value Factor ETF

(Get Free Report)

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.

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