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

Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $74.64 and last traded at $73.8740, with a volume of 10178 shares. The stock had previously closed at $73.94.

Fidelity Value Factor ETF Price Performance

The firm has a market capitalization of $1.13 billion, a P/E ratio of 19.06 and a beta of 0.97. The firm has a 50-day moving average price of $73.04 and a two-hundred day moving average price of $70.06.

Hedge Funds Weigh In On Fidelity Value Factor ETF

A number of institutional investors have recently modified their holdings of FVAL. Royal Bank of Canada grew its stake in Fidelity Value Factor ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock worth $9,835,000 after purchasing an additional 843 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Fidelity Value Factor ETF in the first quarter valued at about $1,656,000. IFP Advisors Inc grew its holdings in Fidelity Value Factor ETF by 5.6% during the 2nd quarter. IFP Advisors Inc now owns 3,317 shares of the company’s stock worth $212,000 after acquiring an additional 176 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Fidelity Value Factor ETF by 12.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,371 shares of the company’s stock valued at $1,876,000 after purchasing an additional 3,315 shares during the period. Finally, Primoris Wealth Advisors LLC boosted its position in Fidelity Value Factor ETF by 40.1% during the 2nd quarter. Primoris Wealth Advisors LLC now owns 45,482 shares of the company’s stock valued at $2,905,000 after acquiring an additional 13,015 shares in the last quarter.

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.