Fidelity International Value Factor ETF (NYSEARCA:FIVA) Reaches New 12-Month High – Here’s Why

Shares of Fidelity International Value Factor ETF (NYSEARCA:FIVA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.74 and last traded at $39.60, with a volume of 6504 shares trading hands. The stock had previously closed at $39.48.

Fidelity International Value Factor ETF Trading Up 0.6%

The company has a 50-day moving average price of $38.51 and a two-hundred day moving average price of $37.17. The stock has a market cap of $595.80 million, a P/E ratio of 11.15 and a beta of 0.71.

Institutional Investors Weigh In On Fidelity International Value Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIVA. Patriot Financial Group Insurance Agency LLC increased its holdings in Fidelity International Value Factor ETF by 124.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 39,760 shares of the company’s stock worth $1,384,000 after buying an additional 22,067 shares during the period. RCS Financial Planning LLC purchased a new stake in Fidelity International Value Factor ETF in the 1st quarter worth approximately $715,000. Midwest Financial Network LLC acquired a new stake in shares of Fidelity International Value Factor ETF during the 1st quarter worth approximately $578,000. Cetera Investment Advisers lifted its stake in shares of Fidelity International Value Factor ETF by 16.7% in the 1st quarter. Cetera Investment Advisers now owns 153,107 shares of the company’s stock valued at $5,330,000 after purchasing an additional 21,936 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in Fidelity International Value Factor ETF during the first quarter valued at $6,267,000.

Fidelity International Value Factor ETF Company Profile

The Fidelity International Value Factor ETF (FIVA) is an exchange-traded fund that is based on the Fidelity International Value Factor index. The fund tracks a multi-factor index of large- and mid-cap value stocks from developed markets, ex-US. FIVA was launched on Jan 16, 2018 and is managed by Fidelity.