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

Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) hit a new 52-week high on Friday . The company traded as high as $78.59 and last traded at $78.59, with a volume of 522 shares traded. The stock had previously closed at $77.88.

Fidelity Value Factor ETF Stock Performance

The stock has a market capitalization of $1.26 billion, a P/E ratio of 19.06 and a beta of 0.95. The stock has a 50-day moving average price of $73.29 and a two-hundred day moving average price of $72.67.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Several hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC bought a new stake in shares of Fidelity Value Factor ETF during the first quarter valued at approximately $97,000. Arkadios Wealth Advisors boosted its position in shares of Fidelity Value Factor ETF by 23.3% during the first quarter. Arkadios Wealth Advisors now owns 4,619 shares of the company’s stock valued at $321,000 after purchasing an additional 873 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Fidelity Value Factor ETF by 0.3% during the first quarter. Royal Bank of Canada now owns 301,376 shares of the company’s stock valued at $20,915,000 after purchasing an additional 757 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Fidelity Value Factor ETF by 9.5% during the first quarter. Cetera Investment Advisers now owns 281,544 shares of the company’s stock valued at $19,539,000 after purchasing an additional 24,376 shares in the last quarter. Finally, Lavaca Capital LLC bought a new stake in shares of Fidelity Value Factor ETF during the first quarter valued at approximately $66,000.

About Fidelity Value Factor ETF

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.