Fidelity Value Factor ETF (NYSEARCA:FVAL) Sets New 52-Week High – Should You Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $73.63 and last traded at $73.57, with a volume of 26929 shares traded. The stock had previously closed at $73.07.

Fidelity Value Factor ETF Price Performance

The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 19.06 and a beta of 0.97. The business’s 50-day moving average price is $71.30 and its two-hundred day moving average price is $68.30.

Institutional Trading of Fidelity Value Factor ETF

A number of institutional investors have recently modified their holdings of FVAL. Farther Finance Advisors LLC raised its stake in Fidelity Value Factor ETF by 4,672.4% in the second quarter. Farther Finance Advisors LLC now owns 4,152 shares of the company’s stock valued at $265,000 after purchasing an additional 4,065 shares in the last quarter. Merit Financial Group LLC bought a new position in Fidelity Value Factor ETF in the 3rd quarter valued at about $27,668,000. Schmidt P J Investment Management Inc. acquired a new position in shares of Fidelity Value Factor ETF in the 1st quarter valued at approximately $279,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Fidelity Value Factor ETF in the 2nd quarter valued at approximately $1,148,000. Finally, High Probability Advisors LLC lifted its holdings in shares of Fidelity Value Factor ETF by 9.8% during the 2nd quarter. High Probability Advisors LLC now owns 414,937 shares of the company’s stock worth $26,502,000 after acquiring an additional 37,149 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.