Fidelity Value Factor ETF (NYSEARCA:FVAL) Hits New 1-Year High – Should You Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $64.29 and last traded at $64.29, with a volume of 15727 shares changing hands. The stock had previously closed at $64.12.

Fidelity Value Factor ETF Stock Up 0.4 %

The business has a fifty day simple moving average of $61.97 and a 200 day simple moving average of $59.36. The company has a market cap of $898.24 million, a price-to-earnings ratio of 15.28 and a beta of 0.93.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in FVAL. Executive Wealth Management LLC acquired a new position in Fidelity Value Factor ETF in the 3rd quarter valued at about $831,000. Integrated Wealth Concepts LLC raised its stake in Fidelity Value Factor ETF by 22.3% in 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. Rockefeller Capital Management L.P. raised its stake in Fidelity Value Factor ETF by 3.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 22,930 shares of the company’s stock valued at $1,389,000 after purchasing an additional 796 shares during the last quarter. FMR LLC increased its stake in shares of Fidelity Value Factor ETF by 3.2% during the 3rd quarter. FMR LLC now owns 846,651 shares of the company’s stock valued at $51,307,000 after acquiring an additional 26,275 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Fidelity Value Factor ETF during the 3rd quarter valued at about $428,000.

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.