Fidelity Value Factor ETF (NYSEARCA:FVAL) Sets New 12-Month High – Here’s Why

by · The Cerbat Gem

Fidelity Value Factor ETF (NYSEARCA:FVAL – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $61.12 and last traded at $60.96, with a volume of 45460 shares trading hands. The stock had previously closed at $61.06.

Fidelity Value Factor ETF Trading Down 0.2 %

The business’s fifty day simple moving average is $58.80 and its 200 day simple moving average is $57.58. The stock has a market cap of $849.69 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 hedge funds have recently bought and sold shares of FVAL. Quotient Wealth Partners LLC increased its holdings in shares of Fidelity Value Factor ETF by 29.4% in the third quarter. Quotient Wealth Partners LLC now owns 9,391 shares of the company’s stock worth $569,000 after acquiring an additional 2,135 shares in the last quarter. Atomi Financial Group Inc. increased its stake in Fidelity Value Factor ETF by 28.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 8,596 shares of the company’s stock worth $521,000 after purchasing an additional 1,912 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Fidelity Value Factor ETF by 3.6% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 163,423 shares of the company’s stock worth $9,903,000 after buying an additional 5,735 shares during the period. Unique Wealth LLC bought a new position in Fidelity Value Factor ETF in the third quarter valued at approximately $1,980,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Fidelity Value Factor ETF by 5.1% in the second quarter. Cetera Investment Advisers now owns 100,006 shares of the company’s stock valued at $5,759,000 after buying an additional 4,892 shares during the period.

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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