Fidelity Value Factor ETF (NYSEARCA:FVAL) Hits New 1-Year High – What’s Next?

Fidelity Value Factor ETF (NYSEARCA:FVAL)’s stock price hit a new 52-week high on Thursday . The company traded as high as $83.64 and last traded at $83.6610, with a volume of 18778 shares trading hands. The stock had previously closed at $82.79.

Fidelity Value Factor ETF Trading Up 1.1%

The firm has a market cap of $1.38 billion, a P/E ratio of 19.06 and a beta of 0.95. The firm’s 50 day moving average is $80.71 and its two-hundred day moving average is $76.79.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in FVAL. Beacon Advisors Holdings LLC acquired a new stake in Fidelity Value Factor ETF during the 4th quarter worth $13,819,000. Northwestern Mutual Wealth Management Co. increased its holdings 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. Empowered Funds LLC acquired a new stake in shares of Fidelity Value Factor ETF during the fourth quarter worth about $5,147,000. Bank of America Corp DE raised its holdings in Fidelity Value Factor ETF by 30.3% during the 3rd quarter. Bank of America Corp DE now owns 183,623 shares of the company’s stock worth $12,646,000 after buying an additional 42,691 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its holdings in Fidelity Value Factor ETF by 12.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock worth $25,853,000 after buying an additional 36,428 shares during the period.

Fidelity Value Factor ETF Company Profile

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.