Fidelity International Value Factor ETF (NYSEARCA:FIVA) Reaches New 12-Month High – Still a Buy?

Shares of Fidelity International Value Factor ETF (NYSEARCA:FIVA) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $38.75 and last traded at $38.70, with a volume of 76985 shares trading hands. The stock had previously closed at $37.42.

Fidelity International Value Factor ETF Stock Up 3.4%

The stock has a market capitalization of $561.01 million, a P/E ratio of 11.15 and a beta of 0.71. The stock has a 50 day simple moving average of $37.03 and a two-hundred day simple moving average of $35.86.

Institutional Investors Weigh In On Fidelity International Value Factor ETF

A number of institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity International Value Factor ETF by 15.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,616,599 shares of the company’s stock worth $55,336,000 after buying an additional 212,876 shares during the period. Align Financial LLC purchased a new stake in Fidelity International Value Factor ETF during the 4th quarter valued at about $32,908,000. Summit Wealth Group LLC Co. purchased a new position in Fidelity International Value Factor ETF in the fourth quarter worth about $7,720,000. Braeburn Wealth Management LLC purchased a new position in Fidelity International Value Factor ETF in the fourth quarter worth about $7,421,000. Finally, Kestra Advisory Services LLC raised its holdings in Fidelity International Value Factor ETF by 213.8% in the first quarter. Kestra Advisory Services LLC now owns 202,048 shares of the company’s stock worth $7,033,000 after buying an additional 137,661 shares during the last quarter.

Fidelity International Value Factor ETF Company Profile

The Fidelity International Value Factor ETF (FIVA) is an exchange-traded fund that is based on the Fidelity International Value Factor index. The fund tracks a multi-factor index of large- and mid-cap value stocks from developed markets, ex-US. FIVA was launched on Jan 16, 2018 and is managed by Fidelity.