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

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw unusually-strong trading volume on Friday . Approximately 126,630 shares were traded during mid-day 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 Trading Up 0.7%

The stock has a market cap of $1.37 billion, a PE ratio of 19.06 and a beta of 0.95. The company’s 50 day moving average is $79.16 and its 200-day moving average is $75.56.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Greenline Wealth Management LLC bought a new stake in Fidelity Value Factor ETF during the fourth quarter valued at $32,000. Wells Fargo & Company MN boosted its holdings in shares of 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 buying an additional 377 shares during the period. Harbor Asset Planning Inc. bought a new stake in shares of Fidelity Value Factor ETF during the 4th quarter valued at about $39,000. Woodard & Co. Asset Management Group Inc. ADV grew its position in shares of Fidelity Value Factor ETF by 709.0% during the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 542 shares of the company’s stock valued at $39,000 after buying an additional 475 shares during the last quarter. Finally, Lavaca Capital LLC acquired a new stake in Fidelity Value Factor ETF during the first quarter worth about $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.