Fidelity International Value Factor ETF (NYSEARCA:FIVA) Reaches New 12-Month High – What’s Next?

Fidelity International Value Factor ETF (NYSEARCA:FIVA) hit a new 52-week high on Thursday . The company traded as high as $40.42 and last traded at $40.3990, with a volume of 38734 shares changing hands. The stock had previously closed at $39.84.

Fidelity International Value Factor ETF Stock Performance

The company’s 50 day moving average price is $39.22 and its 200-day moving average price is $37.69. The company has a market cap of $607.35 million, a price-to-earnings ratio of 11.15 and a beta of 0.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC lifted its position in shares of Fidelity International Value Factor ETF by 15.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,616,599 shares of the company’s stock valued at $55,336,000 after acquiring an additional 212,876 shares during the last quarter. Align Financial LLC acquired a new stake in shares of Fidelity International Value Factor ETF during the fourth quarter worth $32,908,000. Summit Wealth Group LLC Co. acquired a new stake in shares of Fidelity International Value Factor ETF during the fourth quarter worth $7,720,000. Braeburn Wealth Management LLC purchased a new stake in shares of Fidelity International Value Factor ETF during the fourth quarter valued at $7,421,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Fidelity International Value Factor ETF by 213.8% during the first quarter. Kestra Advisory Services LLC now owns 202,048 shares of the company’s stock valued at $7,033,000 after purchasing an additional 137,661 shares during the last quarter.

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.