Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Large Volume Increase – Should You Buy?

Fidelity Value Factor ETF (NYSEARCA:FVALGet Free Report) shares saw strong trading volume on Thursday . Approximately 170,104 shares changed hands during mid-day 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 Performance

The firm has a market cap of $1.36 billion, a P/E ratio of 19.06 and a beta of 0.95. The stock’s 50-day moving average is $79.83 and its 200 day moving average is $76.17.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity Value Factor ETF by 3,648.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 113,362 shares of the company’s stock valued at $8,193,000 after purchasing an additional 110,338 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Fidelity Value Factor ETF by 200.4% during the 4th quarter. Farther Finance Advisors LLC now owns 17,100 shares of the company’s stock worth $1,236,000 after purchasing an additional 11,408 shares in the last quarter. Beacon Advisors Holdings LLC bought a new stake in Fidelity Value Factor ETF during the 4th quarter worth approximately $13,819,000. Dynamic Advisor Solutions LLC raised its holdings in Fidelity Value Factor ETF by 12.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock worth $25,853,000 after buying an additional 36,428 shares during the period. Finally, Ballast Financial Advisors LLC acquired a new stake in Fidelity Value Factor ETF during the 4th quarter worth approximately $583,000.

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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