Fidelity International Value Factor ETF (NYSEARCA:FIVA) Reaches New 1-Year High – Here’s Why

Fidelity International Value Factor ETF (NYSEARCA:FIVA) shares reached a new 52-week high on Tuesday . The stock traded as high as $40.39 and last traded at $40.35, with a volume of 76599 shares changing hands. The stock had previously closed at $40.19.

Fidelity International Value Factor ETF Price Performance

The firm has a market cap of $599.85 million, a PE ratio of 11.15 and a beta of 0.71. The business’s fifty day moving average is $39.08 and its 200-day moving average is $37.62.

Institutional Investors Weigh In On Fidelity International Value Factor ETF

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Fidelity International Value Factor ETF by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 45,697 shares of the company’s stock valued at $1,341,000 after purchasing an additional 12,289 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Fidelity International Value Factor ETF by 32.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,019 shares of the company’s stock worth $147,000 after buying an additional 1,231 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Fidelity International Value Factor ETF in the second quarter valued at $205,000. Bank of America Corp DE raised its stake in shares of Fidelity International Value Factor ETF by 1.6% in the second quarter. Bank of America Corp DE now owns 26,382 shares of the company’s stock valued at $774,000 after buying an additional 411 shares during the period. Finally, Benjamin Edwards Inc. purchased a new position in shares of Fidelity International Value Factor ETF during the 2nd quarter valued at $311,000.

About Fidelity International Value Factor ETF

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.