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

Shares of Fidelity International Value Factor ETF (NYSEARCA:FIVA) reached a new 52-week high during trading on Thursday . The company traded as high as $40.42 and last traded at $40.3990, with a volume of 38734 shares changing hands. The stock had previously closed at $39.84.

Fidelity International Value Factor ETF Trading Up 1.6%

The stock has a market capitalization of $607.35 million, a PE ratio of 11.15 and a beta of 0.71. The firm’s 50-day simple moving average is $39.22 and its two-hundred day simple moving average is $37.69.

Institutional Trading of Fidelity International Value Factor ETF

Institutional investors have recently added to or reduced their stakes in the business. Asset Allocation Strategies LLC lifted its stake in shares of Fidelity International Value Factor ETF by 4.0% in the 2nd quarter. Asset Allocation Strategies LLC now owns 7,934 shares of the company’s stock valued at $306,000 after purchasing an additional 308 shares during the last quarter. Bank of America Corp DE raised its holdings in Fidelity International Value Factor ETF by 1.6% during the second quarter. Bank of America Corp DE now owns 26,382 shares of the company’s stock valued at $774,000 after buying an additional 411 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Fidelity International Value Factor ETF by 8.4% in the fourth quarter. MML Investors Services LLC now owns 8,257 shares of the company’s stock worth $283,000 after buying an additional 640 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity International Value Factor ETF by 32.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,019 shares of the company’s stock worth $147,000 after buying an additional 1,231 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of Fidelity International Value Factor ETF by 7.3% during the 1st quarter. Arkadios Wealth Advisors now owns 18,989 shares of the company’s stock worth $661,000 after acquiring an additional 1,287 shares in the last quarter.

About Fidelity International Value Factor ETF

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.