Fidelity Value Factor ETF (NYSEARCA:FVAL) Reaches New 12-Month Low – Time to Sell?

Fidelity Value Factor ETF (NYSEARCA:FVAL)’s share price reached a new 52-week low on Friday . The stock traded as low as $54.25 and last traded at $54.76, with a volume of 32744 shares traded. The stock had previously closed at $57.14.

Fidelity Value Factor ETF Stock Down 5.4 %

The firm has a market capitalization of $751.43 million, a P/E ratio of 19.40 and a beta of 1.03. The company has a fifty day simple moving average of $61.75 and a 200 day simple moving average of $62.03.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Hedge funds have recently modified their holdings of the business. Capital Investment Counsel Inc bought a new stake in shares of Fidelity Value Factor ETF during the 4th quarter valued at $137,000. Kestra Investment Management LLC purchased a new position in shares of Fidelity Value Factor ETF in the fourth quarter valued at about $149,000. Cullen Frost Bankers Inc. raised its stake in Fidelity Value Factor ETF by 153.6% during the 4th 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 during the period. Foundations Investment Advisors LLC purchased a new position in Fidelity Value Factor ETF in the 4th quarter worth approximately $210,000. Finally, Glass Jacobson Investment Advisors llc grew its holdings in Fidelity Value Factor ETF by 12.2% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 3,935 shares of the company’s stock valued at $242,000 after buying an additional 427 shares in the last quarter.

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.