Fidelity Value Factor ETF (NYSEARCA:FVAL) Reaches New 52-Week High – What’s Next?

Fidelity Value Factor ETF (NYSEARCA:FVAL) shares reached a new 52-week high on Monday . The stock traded as high as $81.16 and last traded at $81.16, with a volume of 2300 shares. The stock had previously closed at $80.47.

Fidelity Value Factor ETF Stock Performance

The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. The business’s 50 day moving average price is $78.90 and its 200-day moving average price is $75.30.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Greenline Wealth Management LLC bought a new position in Fidelity Value Factor ETF during the fourth quarter worth $32,000. Wells Fargo & Company MN grew its position in shares of Fidelity Value Factor ETF by 516.4% during the fourth quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock worth $33,000 after acquiring an additional 377 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of Fidelity Value Factor ETF in the 4th quarter worth about $39,000. Woodard & Co. Asset Management Group Inc. ADV grew its holdings 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 worth $39,000 after buying an additional 475 shares in the last quarter. Finally, Lavaca Capital LLC acquired a new stake in Fidelity Value Factor ETF in the 1st quarter valued at approximately $66,000.

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.