Fidelity Value Factor ETF (NYSEARCA:FVAL) Stock Price Up 1.1% – Here’s Why

Fidelity Value Factor ETF (NYSEARCA:FVAL)’s share price shot up 1.1% during mid-day trading on Friday . The stock traded as high as $62.18 and last traded at $62.10. 59,212 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 64,956 shares. The stock had previously closed at $61.44.

Fidelity Value Factor ETF Stock Up 1.1 %

The stock’s 50-day moving average is $62.79 and its 200-day moving average is $60.31. The firm has a market cap of $866.30 million, a P/E ratio of 15.28 and a beta of 0.93.

Institutional Trading of Fidelity Value Factor ETF

A number of hedge funds have recently modified their holdings of FVAL. Cullen Frost Bankers Inc. bought a new stake in shares of Fidelity Value Factor ETF in the 2nd quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Value Factor ETF by 8.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,336 shares of the company’s stock worth $192,000 after purchasing an additional 267 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of Fidelity Value Factor ETF during the 3rd quarter worth about $214,000. Integrated Wealth Concepts LLC lifted its holdings in Fidelity Value Factor ETF by 22.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,553 shares of the company’s stock valued at $276,000 after purchasing an additional 831 shares during the last quarter. Finally, Kovack Advisors Inc. acquired a new position in Fidelity Value Factor ETF in the third quarter valued at about $287,000.

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.