Fidelity Value Factor ETF (NYSEARCA:FVAL) Reaches New 1-Year High – Time to Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL)’s share price hit a new 52-week high on Monday . The company traded as high as $81.16 and last traded at $81.16, with a volume of 2300 shares. The stock had previously closed at $80.47.

Fidelity Value Factor ETF Stock Up 1.1%

The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. The firm has a fifty day moving average price of $78.90 and a 200-day moving average price of $75.30.

Institutional Trading of Fidelity Value Factor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FVAL. Integrated Wealth Concepts LLC increased its holdings in Fidelity Value Factor ETF by 4.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 3,396 shares of the company’s stock valued at $234,000 after purchasing an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of Fidelity Value Factor ETF by 3.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 8,872 shares of the company’s stock worth $641,000 after purchasing an additional 273 shares in the last quarter. Spectrum Investment Advisors Inc. boosted its stake in shares of Fidelity Value Factor ETF by 1.8% in the fourth quarter. Spectrum Investment Advisors Inc. now owns 15,262 shares of the company’s stock valued at $1,103,000 after purchasing an additional 275 shares during the period. Foronjy Financial LLC boosted its stake in shares of Fidelity Value Factor ETF by 9.9% in the fourth quarter. Foronjy Financial LLC now owns 3,596 shares of the company’s stock valued at $260,000 after purchasing an additional 324 shares during the period. Finally, Allworth Financial LP boosted its holdings in Fidelity Value Factor ETF by 3.3% in the fourth quarter. Allworth Financial LP now owns 10,628 shares of the company’s stock valued at $768,000 after purchasing an additional 335 shares during the last quarter.

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.