Fidelity Value Factor ETF (NYSEARCA:FVAL) Hits New 1-Year High – Still a Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $73.63 and last traded at $73.57, with a volume of 26929 shares changing hands. The stock had previously closed at $73.07.

Fidelity Value Factor ETF Trading Up 0.3%

The stock’s 50-day moving average price is $71.46 and its 200-day moving average price is $68.45. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 19.06 and a beta of 0.97.

Institutional Trading of Fidelity Value Factor ETF

A number of large investors have recently bought and sold shares of FVAL. Foguth Wealth Management LLC. acquired a new position in shares of Fidelity Value Factor ETF in the 4th quarter valued at about $290,000. Allworth Financial LP increased its holdings in Fidelity Value Factor ETF by 7.7% in the third quarter. Allworth Financial LP now owns 10,293 shares of the company’s stock worth $709,000 after purchasing an additional 735 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Fidelity Value Factor ETF by 89.3% in the third quarter. Sunbelt Securities Inc. now owns 16,258 shares of the company’s stock valued at $1,120,000 after buying an additional 7,668 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in shares of Fidelity Value Factor ETF by 3.8% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 108,943 shares of the company’s stock worth $7,503,000 after buying an additional 3,963 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in shares of Fidelity Value Factor ETF by 4.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 3,396 shares of the company’s stock worth $234,000 after buying an additional 154 shares during the period.

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.