Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Large Volume Increase – What’s Next?

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw unusually-strong trading volume on Monday . Approximately 52,917 shares were traded during mid-day trading, an increase of 26% from the previous session’s volume of 42,000 shares.The stock last traded at $79.51 and had previously closed at $79.24.

Fidelity Value Factor ETF Stock Performance

The business’s fifty day simple moving average is $78.69 and its 200-day simple moving average is $75.08. The firm has a market capitalization of $1.29 billion, a PE ratio of 19.06 and a beta of 0.95.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Several institutional investors have recently bought and sold shares of the stock. Greenline Wealth Management LLC purchased a new stake in Fidelity Value Factor ETF in the 4th quarter worth $32,000. Wells Fargo & Company MN grew its position in shares of Fidelity Value Factor ETF by 516.4% during the fourth quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock valued at $33,000 after purchasing an additional 377 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Fidelity Value Factor ETF during the fourth quarter valued at about $39,000. Woodard & Co. Asset Management Group Inc. ADV increased its holdings 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 worth $39,000 after purchasing an additional 475 shares during the last quarter. Finally, Lavaca Capital LLC bought a new stake in shares of Fidelity Value Factor ETF in the first quarter worth about $66,000.

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.