Fidelity Value Factor ETF (NYSEARCA:FVAL) Sets New 12-Month High – Time to Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL) shares hit a new 52-week high on Friday . The company traded as high as $74.81 and last traded at $74.75, with a volume of 3173 shares. The stock had previously closed at $73.99.

Fidelity Value Factor ETF Stock Up 1.4%

The firm has a market cap of $1.19 billion, a PE ratio of 19.06 and a beta of 0.95. The stock’s fifty day simple moving average is $71.77 and its two-hundred day simple moving average is $71.50.

Institutional Investors Weigh In On Fidelity Value Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FVAL. Royal Bank of Canada grew its holdings in Fidelity Value Factor ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock worth $9,835,000 after purchasing an additional 843 shares during the period. Goldman Sachs Group Inc. purchased a new stake in Fidelity Value Factor ETF in the first quarter worth about $1,656,000. NewEdge Advisors LLC grew its holdings in Fidelity Value Factor ETF by 6.9% in the second quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock worth $497,000 after purchasing an additional 501 shares during the period. Quantinno Capital Management LP purchased a new stake in Fidelity Value Factor ETF in the second quarter worth about $340,000. Finally, Darwin Wealth Management LLC purchased a new stake in Fidelity Value Factor ETF in the second quarter worth about $1,074,000.

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.