Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Strong Trading Volume – Still a Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL) shares saw unusually-strong trading volume on Thursday . Approximately 259,666 shares were traded during mid-day trading, an increase of 268% from the previous session’s volume of 70,653 shares.The stock last traded at $60.41 and had previously closed at $60.42.

Fidelity Value Factor ETF Stock Down 0.2 %

The firm has a 50 day moving average of $62.56 and a two-hundred day moving average of $61.95. The firm has a market capitalization of $973.44 million, a price-to-earnings ratio of 19.70 and a beta of 1.03.

Institutional Trading of Fidelity Value Factor ETF

Large investors have recently bought and sold shares of the business. Capital Investment Counsel Inc acquired a new stake in shares of Fidelity Value Factor ETF during the fourth quarter valued at about $137,000. Kestra Investment Management LLC acquired a new stake in shares of Fidelity Value Factor ETF during the fourth quarter valued at about $149,000. Cullen Frost Bankers Inc. boosted its stake in shares of Fidelity Value Factor ETF by 153.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 2,683 shares of the company’s stock valued at $165,000 after purchasing an additional 1,625 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of Fidelity Value Factor ETF during the fourth quarter valued at about $210,000. Finally, First Horizon Advisors Inc. acquired a new stake in shares of Fidelity Value Factor ETF during the third quarter valued at about $214,000.

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.