Fidelity Value Factor ETF (NYSEARCA:FVAL) Reaches New 52-Week High – What’s Next?

Fidelity Value Factor ETF (NYSEARCA:FVALGet Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $78.59 and last traded at $78.59, with a volume of 522 shares traded. The stock had previously closed at $77.88.

Fidelity Value Factor ETF Trading Up 0.6%

The stock has a 50 day simple moving average of $73.29 and a 200 day simple moving average of $72.67. The firm has a market capitalization of $1.26 billion, a PE ratio of 19.06 and a beta of 0.95.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its position in shares of Fidelity Value Factor ETF by 31.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 34,466 shares of the company’s stock worth $2,367,000 after buying an additional 8,331 shares during the last quarter. MAI Capital Management grew its position in shares of Fidelity Value Factor ETF by 98.9% in the 3rd quarter. MAI Capital Management now owns 299,051 shares of the company’s stock worth $20,596,000 after buying an additional 148,716 shares during the last quarter. Ethos Capital Management Inc. bought a new stake in shares of Fidelity Value Factor ETF in the 4th quarter worth approximately $1,553,000. Dynamic Advisor Solutions LLC grew its position in shares of Fidelity Value Factor ETF by 61.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 290,237 shares of the company’s stock worth $20,975,000 after buying an additional 110,322 shares during the last quarter. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of Fidelity Value Factor ETF in the 3rd quarter worth approximately $649,000.

About Fidelity Value Factor ETF

(Get Free Report)

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.

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