Fidelity Value Factor ETF (NYSEARCA:FVAL) Sets New 12-Month High at $58.35

Fidelity Value Factor ETF (NYSEARCA:FVAL)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.35 and last traded at $58.35, with a volume of 21048 shares traded. The stock had previously closed at $58.27.

Fidelity Value Factor ETF Price Performance

The company has a market capitalization of $818.73 million, a PE ratio of 15.28 and a beta of 0.93. The business’s 50 day simple moving average is $57.08 and its 200 day simple moving average is $55.46.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its position in Fidelity Value Factor ETF by 34.7% in the first quarter. Commonwealth Equity Services LLC now owns 648,056 shares of the company’s stock valued at $36,972,000 after purchasing an additional 166,991 shares during the period. Traynor Capital Management Inc. acquired a new position in Fidelity Value Factor ETF in the fourth quarter valued at about $2,952,000. Cedar Point Capital Partners LLC purchased a new position in Fidelity Value Factor ETF during the fourth quarter worth about $2,509,000. Goodwin Investment Advisory increased its position in shares of Fidelity Value Factor ETF by 6.4% during the fourth quarter. Goodwin Investment Advisory now owns 722,951 shares of the company’s stock valued at $38,315,000 after acquiring an additional 43,270 shares during the last quarter. Finally, LVZ Inc. purchased a new stake in shares of Fidelity Value Factor ETF in the 4th quarter valued at approximately $2,289,000.

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.