Fidelity Value Factor ETF (NYSEARCA:FVAL) Hits New 52-Week High – Here’s What Happened

Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $83.64 and last traded at $83.6610, with a volume of 18778 shares trading hands. The stock had previously closed at $82.79.

Fidelity Value Factor ETF Stock Up 1.1%

The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. The business has a 50-day simple moving average of $80.71 and a two-hundred day simple moving average of $76.79.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FVAL. Greenline Wealth Management LLC bought a new stake in Fidelity Value Factor ETF in the fourth quarter valued at $32,000. Wells Fargo & Company MN raised its stake in shares of Fidelity Value Factor ETF by 516.4% in the fourth quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock worth $33,000 after acquiring an additional 377 shares during the last quarter. Compass Financial Management LLC acquired a new position in Fidelity Value Factor ETF during the 2nd quarter worth $65,000. Lavaca Capital LLC bought a new position in Fidelity Value Factor ETF in the first quarter valued at about $66,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Fidelity Value Factor ETF during the 1st quarter worth approximately $97,000.

Fidelity Value Factor ETF Company Profile

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.