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

Fidelity Value Factor ETF (NYSEARCA:FVAL) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $74.57 and last traded at $74.40, with a volume of 34923 shares trading hands. The stock had previously closed at $73.83.

Fidelity Value Factor ETF Stock Performance

The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 19.06 and a beta of 0.97. The company has a 50 day moving average of $72.64 and a 200 day moving average of $69.64.

Institutional Trading of Fidelity Value Factor ETF

Large investors have recently made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new position in Fidelity Value Factor ETF during the 4th quarter worth approximately $39,000. Woodard & Co. Asset Management Group Inc. ADV lifted its position in shares of Fidelity Value Factor ETF by 709.0% during the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 542 shares of the company’s stock worth $39,000 after purchasing an additional 475 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Fidelity Value Factor ETF during the second quarter worth $65,000. Capital Investment Counsel Inc purchased a new position in Fidelity Value Factor ETF in the fourth quarter valued at $161,000. Finally, Silver Oak Securities Incorporated acquired a new stake in Fidelity Value Factor ETF in the fourth quarter valued at $202,000.

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.