Fidelity Value Factor ETF (NYSEARCA:FVAL) Reaches New 12-Month High – Here’s What Happened

Fidelity Value Factor ETF (NYSEARCA:FVAL)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $74.64 and last traded at $73.8740, with a volume of 10178 shares traded. The stock had previously closed at $73.94.

Fidelity Value Factor ETF Stock Performance

The firm’s 50 day moving average price is $72.96 and its two-hundred day moving average price is $70.01. The firm has a market cap of $1.15 billion, a PE ratio of 19.06 and a beta of 0.97.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Several large investors have recently made changes to their positions in the stock. Harbor Asset Planning Inc. acquired a new stake in Fidelity Value Factor ETF in the 4th quarter valued at approximately $39,000. Woodard & Co. Asset Management Group Inc. ADV grew its stake in shares of Fidelity Value Factor ETF by 709.0% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 542 shares of the company’s stock valued at $39,000 after buying an additional 475 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Fidelity Value Factor ETF in the 2nd quarter valued at $65,000. Capital Investment Counsel Inc purchased a new stake in shares of Fidelity Value Factor ETF in the 4th quarter valued at $161,000. Finally, Silver Oak Securities Incorporated acquired a new position in Fidelity Value Factor ETF during the 4th quarter worth about $202,000.

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.