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

Fidelity Value Factor ETF (NYSEARCA:FVAL) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $62.00 and last traded at $61.99, with a volume of 17173 shares changing hands. The stock had previously closed at $61.55.

Fidelity Value Factor ETF Trading Up 0.6 %

The company has a market cap of $863.92 million, a price-to-earnings ratio of 15.28 and a beta of 0.93. The business has a 50-day moving average price of $59.20 and a 200 day moving average price of $57.72.

Hedge Funds Weigh In On Fidelity Value Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Signal Advisors Wealth LLC grew its position in Fidelity Value Factor ETF by 59.1% during the 1st quarter. Signal Advisors Wealth LLC now owns 6,393 shares of the company’s stock worth $365,000 after purchasing an additional 2,374 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in Fidelity Value Factor ETF by 6.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 183,866 shares of the company’s stock valued at $10,490,000 after buying an additional 11,691 shares during the period. Indiana Trust & Investment Management CO purchased a new stake in Fidelity Value Factor ETF in the 1st quarter worth about $96,000. Foguth Wealth Management LLC. purchased a new stake in Fidelity Value Factor ETF in the 1st quarter worth about $365,000. Finally, Commonwealth Equity Services LLC boosted its position in Fidelity Value Factor ETF by 34.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 648,056 shares of the company’s stock worth $36,972,000 after acquiring an additional 166,991 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.