Fidelity Value Factor ETF (NYSEARCA:FVAL) Reaches New 1-Year High – Here’s Why

Fidelity Value Factor ETF (NYSEARCA:FVAL)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $76.60 and last traded at $76.57, with a volume of 17281 shares trading hands. The stock had previously closed at $75.78.

Fidelity Value Factor ETF Trading Up 0.9%

The stock has a market capitalization of $1.22 billion, a PE ratio of 19.06 and a beta of 0.95. The firm has a 50-day moving average price of $72.10 and a 200-day moving average price of $71.97.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Several large investors have recently made changes to their positions in FVAL. Royal Bank of Canada increased its position in shares of Fidelity Value Factor ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock valued at $9,835,000 after purchasing an additional 843 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Fidelity Value Factor ETF during the 1st quarter valued at $1,656,000. NewEdge Advisors LLC increased its position in shares of Fidelity Value Factor ETF by 6.9% during the 2nd quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock valued at $497,000 after purchasing an additional 501 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Fidelity Value Factor ETF during the 2nd quarter valued at $340,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Value Factor ETF during the 2nd quarter valued at $1,074,000.

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.