Fidelity International Value Factor ETF (NYSEARCA:FIVA) Hits New 1-Year High – Time to Buy?

Shares of Fidelity International Value Factor ETF (NYSEARCA:FIVAGet Free Report) hit a new 52-week high on Friday . The company traded as high as $40.27 and last traded at $40.25, with a volume of 12136 shares changing hands. The stock had previously closed at $40.02.

Fidelity International Value Factor ETF Trading Up 0.2%

The firm has a 50 day moving average price of $38.78 and a 200-day moving average price of $37.41. The firm has a market cap of $603.60 million, a price-to-earnings ratio of 11.15 and a beta of 0.71.

Hedge Funds Weigh In On Fidelity International Value Factor ETF

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity International Value Factor ETF by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 45,697 shares of the company’s stock valued at $1,341,000 after purchasing an additional 12,289 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity International Value Factor ETF by 32.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,019 shares of the company’s stock worth $147,000 after purchasing an additional 1,231 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Fidelity International Value Factor ETF during the 2nd quarter worth approximately $205,000. Bank of America Corp DE increased its stake in shares of Fidelity International Value Factor ETF by 1.6% during the 2nd quarter. Bank of America Corp DE now owns 26,382 shares of the company’s stock worth $774,000 after purchasing an additional 411 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in shares of Fidelity International Value Factor ETF in the second quarter worth $311,000.

About Fidelity International Value Factor ETF

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The Fidelity International Value Factor ETF (FIVA) is an exchange-traded fund that is based on the Fidelity International Value Factor index. The fund tracks a multi-factor index of large- and mid-cap value stocks from developed markets, ex-US. FIVA was launched on Jan 16, 2018 and is managed by Fidelity.

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