Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Large Volume Increase – Time to Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw unusually-high trading volume on Thursday . 170,104 shares were traded during trading, an increase of 286% from the previous session’s volume of 44,047 shares.The stock last traded at $82.52 and had previously closed at $82.90.

Fidelity Value Factor ETF Stock Up 0.4%

The company’s fifty day moving average price is $80.00 and its 200-day moving average price is $76.28. The stock has a market capitalization of $1.36 billion, a PE ratio of 19.06 and a beta of 0.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FVAL. Nwam LLC bought a new position in shares of Fidelity Value Factor ETF during the 2nd quarter valued at approximately $188,000. Compass Financial Management LLC bought a new position in shares of Fidelity Value Factor ETF during the 2nd quarter valued at approximately $65,000. Midwest Financial Network LLC purchased a new position in shares of Fidelity Value Factor ETF in the 2nd quarter worth $629,000. Dynamic Advisor Solutions LLC grew its position in Fidelity Value Factor ETF by 12.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock worth $25,853,000 after acquiring an additional 36,428 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of Fidelity Value Factor ETF during the 1st quarter valued at 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.