Fidelity Value Factor ETF (NYSEARCA:FVAL) Hits New 12-Month High – Time to Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $63.80 and last traded at $63.80, with a volume of 260 shares trading hands. The stock had previously closed at $63.26.

Fidelity Value Factor ETF Stock Performance

The business’s fifty day moving average price is $61.46 and its 200-day moving average price is $59.06. The stock has a market cap of $892.15 million, a PE ratio of 15.28 and a beta of 0.93.

Institutional Trading of Fidelity Value Factor ETF

A number of hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in Fidelity Value Factor ETF by 1.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,477 shares of the company’s stock worth $696,000 after acquiring an additional 188 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in 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 period. Comerica Bank lifted its position in Fidelity Value Factor ETF by 33.7% during the first quarter. Comerica Bank now owns 2,182 shares of the company’s stock valued at $125,000 after purchasing an additional 550 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Fidelity Value Factor ETF during the second quarter valued at about $32,000. Finally, PFG Advisors increased its position in Fidelity Value Factor ETF by 1.2% in the third quarter. PFG Advisors now owns 47,778 shares of the company’s stock worth $2,895,000 after buying an additional 575 shares in the last quarter.

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.