Royal Bank of Canada Has $6.67 Million Stock Position in Fidelity International Value Factor ETF $FIVA

Royal Bank of Canada raised its stake in Fidelity International Value Factor ETF (NYSEARCA:FIVA) by 9,202.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,532 shares of the company’s stock after acquiring an additional 189,473 shares during the quarter. Royal Bank of Canada owned about 1.32% of Fidelity International Value Factor ETF worth $6,667,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity International Value Factor ETF by 247.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,739 shares of the company’s stock worth $60,000 after purchasing an additional 1,239 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of Fidelity International Value Factor ETF in the third quarter valued at approximately $56,000. Fifth Third Bancorp acquired a new stake in shares of Fidelity International Value Factor ETF in the first quarter valued at approximately $74,000. Advisory Services Network LLC acquired a new stake in shares of Fidelity International Value Factor ETF in the third quarter valued at approximately $167,000. Finally, Asset Allocation Strategies LLC bought a new position in Fidelity International Value Factor ETF in the 4th quarter worth approximately $213,000.

Fidelity International Value Factor ETF Stock Performance

NYSEARCA:FIVA opened at $39.88 on Wednesday. The stock’s fifty day moving average price is $38.72 and its two-hundred day moving average price is $37.35. Fidelity International Value Factor ETF has a 52-week low of $30.28 and a 52-week high of $40.22. The company has a market cap of $598.20 million, a price-to-earnings ratio of 11.15 and a beta of 0.71.

Fidelity International Value Factor ETF Company Profile

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.