Fidelity Value Factor ETF (NYSEARCA:FVAL) Reaches New 52-Week High – Here’s Why

Fidelity Value Factor ETF (NYSEARCA:FVAL) shares hit a new 52-week high on Wednesday . The company traded as high as $62.83 and last traded at $62.83, with a volume of 4717 shares changing hands. The stock had previously closed at $61.24.

Fidelity Value Factor ETF Stock Performance

The company has a market cap of $880.73 million, a price-to-earnings ratio of 15.28 and a beta of 0.93. The company has a 50-day simple moving average of $60.21 and a 200-day simple moving average of $58.31.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new stake in shares of Fidelity Value Factor ETF in the 2nd quarter worth approximately $32,000. Comerica Bank boosted its position in Fidelity Value Factor ETF by 33.7% during the first quarter. Comerica Bank now owns 2,182 shares of the company’s stock worth $125,000 after purchasing an additional 550 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity Value Factor ETF by 8.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,336 shares of the company’s stock valued at $192,000 after buying an additional 267 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Fidelity Value Factor ETF by 16.7% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,105 shares of the company’s stock worth $236,000 after buying an additional 586 shares during the last quarter. Finally, Thoroughbred Financial Services LLC purchased a new stake in shares of Fidelity Value Factor ETF in the 1st quarter worth about $265,000.

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.