Fidelity Value Factor ETF (NYSEARCA:FVAL) Sets New 1-Year High – Should You Buy?

Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) hit a new 52-week high during trading on Monday . The stock traded as high as $77.82 and last traded at $77.74, with a volume of 4906 shares. The stock had previously closed at $77.56.

Fidelity Value Factor ETF Trading Up 0.1%

The firm’s fifty day moving average price is $72.30 and its 200 day moving average price is $72.15. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Several large investors have recently made changes to their positions in FVAL. Greenline Wealth Management LLC acquired a new position in shares of Fidelity Value Factor ETF in the 4th quarter worth approximately $32,000. Wells Fargo & Company MN lifted its holdings in shares of Fidelity Value Factor ETF by 516.4% in the 4th quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock worth $33,000 after acquiring an additional 377 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of Fidelity Value Factor ETF in the 4th quarter worth approximately $39,000. Woodard & Co. Asset Management Group Inc. ADV lifted its holdings in shares of Fidelity Value Factor ETF by 709.0% in the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 542 shares of the company’s stock worth $39,000 after acquiring an additional 475 shares during the last quarter. Finally, Capital Analysts LLC acquired a new position in shares of Fidelity Value Factor ETF in the 4th quarter worth approximately $108,000.

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.