Fidelity International Value Factor ETF (NYSEARCA:FIVA) Sets New 52-Week High – What’s Next?

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

Fidelity International Value Factor ETF Price Performance

The business’s 50 day moving average price is $38.57 and its 200-day moving average price is $37.23. The company has a market cap of $597.15 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 hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity International Value Factor ETF by 247.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,739 shares of the company’s stock worth $60,000 after purchasing an additional 1,239 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Fidelity International Value Factor ETF in the third quarter valued at about $56,000. Fifth Third Bancorp bought a new position in shares of Fidelity International Value Factor ETF in the first quarter valued at about $74,000. Advisory Services Network LLC acquired a new position in Fidelity International Value Factor ETF during the 3rd quarter worth about $167,000. Finally, Asset Allocation Strategies LLC acquired a new position in Fidelity International Value Factor ETF during the 4th quarter worth about $213,000.

About Fidelity International Value Factor ETF

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.