Fidelity Value Factor ETF (NYSEARCA:FVAL) Sets New 52-Week High – Time to Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $64.49 and last traded at $64.44, with a volume of 15666 shares. The stock had previously closed at $64.22.

Fidelity Value Factor ETF Trading Down 0.5 %

The stock’s 50-day moving average price is $62.97 and its 200-day moving average price is $61.50. The company has a market capitalization of $898.66 million, a P/E ratio of 15.28 and a beta of 0.93.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its stake in shares of Fidelity Value Factor ETF by 3.2% in the third quarter. FMR LLC now owns 846,651 shares of the company’s stock valued at $51,307,000 after purchasing an additional 26,275 shares during the period. Private Advisor Group LLC grew its position in Fidelity Value Factor ETF by 19.3% in the 3rd quarter. Private Advisor Group LLC now owns 7,284 shares of the company’s stock valued at $441,000 after buying an additional 1,177 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Fidelity Value Factor ETF by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 915,310 shares of the company’s stock valued at $55,468,000 after buying an additional 65,719 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Fidelity Value Factor ETF by 22.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,553 shares of the company’s stock worth $276,000 after buying an additional 831 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Fidelity Value Factor ETF by 3.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 22,930 shares of the company’s stock worth $1,389,000 after acquiring an additional 796 shares during the period.

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.