Fidelity Value Factor ETF (NYSEARCA:FVAL) Stock Price Breaks Above Fifty Day Moving Average – Should You Sell?

Fidelity Value Factor ETF (NYSEARCA:FVAL) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $82.08 and traded as high as $82.35. Fidelity Value Factor ETF shares last traded at $82.12, with a volume of 24,004 shares.

Fidelity Value Factor ETF Trading Up 1.0%

The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 17.76 and a beta of 0.96. The stock has a 50-day moving average of $82.08 and a 200-day moving average of $77.90.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Latitude Advisors LLC acquired a new position in Fidelity Value Factor ETF during the third quarter worth about $25,000. Compass Financial Management LLC acquired a new position in Fidelity Value Factor ETF in the second quarter worth approximately $65,000. Lavaca Capital LLC bought a new position in Fidelity Value Factor ETF during the first quarter valued at about $66,000. Western Wealth Management LLC bought a new position in shares of Fidelity Value Factor ETF in the first quarter valued at approximately $97,000. Finally, Fifth Third Bancorp increased its stake in shares of Fidelity Value Factor ETF by 5,322.0% in the first quarter. Fifth Third Bancorp now owns 2,223 shares of the company’s stock worth $154,000 after purchasing an additional 2,182 shares during the period.

About Fidelity Value Factor ETF

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.