Fidelity International Value Factor ETF (NYSEARCA:FIVA) Hits New 52-Week High – Here’s What Happened

Shares of Fidelity International Value Factor ETF (NYSEARCA:FIVA) reached a new 52-week high on Tuesday . The company traded as high as $38.33 and last traded at $38.33, with a volume of 9521 shares traded. The stock had previously closed at $37.91.

Fidelity International Value Factor ETF Price Performance

The company has a market capitalization of $547.38 million, a PE ratio of 11.15 and a beta of 0.71. The company’s fifty day moving average is $36.28 and its 200-day moving average is $35.43.

Institutional Investors Weigh In On Fidelity International Value Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in Fidelity International Value Factor ETF by 126.2% in the third quarter. Envestnet Asset Management Inc. now owns 46,837 shares of the company’s stock valued at $1,465,000 after buying an additional 26,130 shares during the last quarter. Summit Wealth Group LLC Co. acquired a new position in Fidelity International Value Factor ETF in the 4th quarter worth approximately $7,720,000. Money Concepts Capital Corp acquired a new stake in Fidelity International Value Factor ETF during the 3rd quarter valued at approximately $213,000. Cornerstone Planning Group LLC purchased a new stake in shares of Fidelity International Value Factor ETF in the 3rd quarter valued at $48,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Fidelity International Value Factor ETF in the third quarter worth $315,000.

About Fidelity International Value Factor ETF

The Fidelity International Value Factor ETF (FIVA) is an exchange-traded fund that is based on the Fidelity International Value Factor index. The fund tracks a multi-factor index of large- and mid-cap value stocks from developed markets, ex-US. FIVA was launched on Jan 16, 2018 and is managed by Fidelity.