Fidelity Value Factor ETF (NYSEARCA:FVAL – Get Free Report) saw strong trading volume on Friday . Approximately 126,630 shares changed hands during trading, an increase of 189% from the previous session’s volume of 43,888 shares.The stock last traded at $83.18 and had previously closed at $82.70.
Fidelity Value Factor ETF Trading Up 0.7%
The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. The company’s 50 day simple moving average is $79.16 and its 200-day simple moving average is $75.56.
Institutional Investors Weigh In On Fidelity Value Factor ETF
A number of institutional investors have recently added to or reduced their stakes in the company. Diversify Advisory Services LLC acquired a new position in Fidelity Value Factor ETF during the 4th quarter worth approximately $869,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity Value Factor ETF by 3,648.7% in the 4th 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 during the period. Farther Finance Advisors LLC grew its position in Fidelity Value Factor ETF by 200.4% in the fourth quarter. Farther Finance Advisors LLC now owns 17,100 shares of the company’s stock valued at $1,236,000 after acquiring an additional 11,408 shares in the last quarter. Beacon Advisors Holdings LLC acquired a new stake in Fidelity Value Factor ETF in the fourth quarter valued at approximately $13,819,000. Finally, Ballast Financial Advisors LLC purchased a new stake in shares of Fidelity Value Factor ETF during the fourth quarter valued at approximately $583,000.
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.
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