Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) saw unusually-strong trading volume on Thursday . Approximately 258,418 shares were traded during trading, an increase of 315% from the previous session’s volume of 62,225 shares.The stock last traded at $61.28 and had previously closed at $61.22.

Fidelity Value Factor ETF Trading Down 0.1 %

The company has a market capitalization of $854.30 million, a P/E ratio of 15.28 and a beta of 0.93. The business’s 50-day simple moving average is $59.93 and its 200 day simple moving average is $57.99.

Institutional Trading of Fidelity Value Factor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. purchased a new position in shares of Fidelity Value Factor ETF in the second quarter worth approximately $32,000. Comerica Bank increased its position in shares of Fidelity Value Factor ETF by 33.7% in the first quarter. Comerica Bank now owns 2,182 shares of the company’s stock worth $125,000 after acquiring an additional 550 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity Value Factor ETF by 8.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,336 shares of the company’s stock worth $192,000 after acquiring an additional 267 shares in the last quarter. Hartline Investment Corp purchased a new position in shares of Fidelity Value Factor ETF in the first quarter worth approximately $201,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Fidelity Value Factor ETF by 16.7% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,105 shares of the company’s stock worth $236,000 after acquiring an additional 586 shares in the last quarter.

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.