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

Fidelity Value Factor ETF (NYSEARCA:FVALGet Free Report)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $81.16 and last traded at $81.16, with a volume of 2300 shares traded. The stock had previously closed at $80.47.

Fidelity Value Factor ETF Stock Performance

The company has a market capitalization of $1.37 billion, a PE ratio of 19.06 and a beta of 0.95. The business has a fifty day moving average price of $79.04 and a 200 day moving average price of $75.43.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Ethos Capital Management Inc. purchased a new stake in Fidelity Value Factor ETF during the fourth quarter worth approximately $1,553,000. Diversify Advisory Services LLC acquired a new stake in shares of Fidelity Value Factor ETF in the fourth quarter worth $869,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity Value Factor ETF by 3,648.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 113,362 shares of the company’s stock worth $8,193,000 after acquiring an additional 110,338 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Fidelity Value Factor ETF by 200.4% in the 4th quarter. Farther Finance Advisors LLC now owns 17,100 shares of the company’s stock valued at $1,236,000 after acquiring an additional 11,408 shares during the period. Finally, Beacon Advisors Holdings LLC purchased a new position in shares of Fidelity Value Factor ETF in the 4th quarter valued at $13,819,000.

Fidelity Value Factor ETF Company Profile

(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.

Further Reading

Receive News & Ratings for Fidelity Value Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Value Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.