Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Large Volume Increase – Here’s Why

Fidelity Value Factor ETF (NYSEARCA:FVAL) shares saw unusually-strong trading volume on Monday . 52,917 shares changed hands during mid-day trading, an increase of 26% from the previous session’s volume of 42,000 shares.The stock last traded at $79.51 and had previously closed at $79.24.

Fidelity Value Factor ETF Stock Performance

The business has a 50-day simple moving average of $78.80 and a two-hundred day simple moving average of $75.17. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Large investors have recently modified their holdings of the stock. Midwest Financial Network LLC purchased a new position in Fidelity Value Factor ETF in the 2nd quarter valued at $629,000. Dynamic Advisor Solutions LLC raised its position in Fidelity Value Factor ETF by 12.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock worth $25,853,000 after buying an additional 36,428 shares during the last quarter. Western Wealth Management LLC purchased a new position in Fidelity Value Factor ETF during the 1st quarter worth $97,000. Arkadios Wealth Advisors lifted its stake in shares of Fidelity Value Factor ETF by 23.3% in the 1st quarter. Arkadios Wealth Advisors now owns 4,619 shares of the company’s stock worth $321,000 after acquiring an additional 873 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Fidelity Value Factor ETF by 0.3% in the 1st quarter. Royal Bank of Canada now owns 301,376 shares of the company’s stock worth $20,915,000 after acquiring an additional 757 shares during the period.

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.