Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Strong Trading Volume – Here’s Why

Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) saw unusually-high trading volume on Monday . Approximately 52,917 shares changed hands during trading, an increase of 26% from the previous session’s volume of 42,000 shares.The stock last traded at $79.51 and had previously closed at $79.24.

Fidelity Value Factor ETF Stock Up 0.5%

The firm has a market cap of $1.29 billion, a PE ratio of 19.06 and a beta of 0.95. The firm’s fifty day simple moving average is $78.69 and its two-hundred day simple moving average is $75.08.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Midwest Financial Network LLC purchased a new stake in Fidelity Value Factor ETF in the 2nd quarter worth $629,000. Dynamic Advisor Solutions LLC lifted its position in shares of Fidelity Value Factor ETF by 12.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock valued at $25,853,000 after acquiring an additional 36,428 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Fidelity Value Factor ETF in the first quarter worth about $97,000. Arkadios Wealth Advisors boosted its stake in shares of Fidelity Value Factor ETF by 23.3% in the first quarter. Arkadios Wealth Advisors now owns 4,619 shares of the company’s stock worth $321,000 after acquiring an additional 873 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Fidelity Value Factor ETF by 0.3% during the first quarter. Royal Bank of Canada now owns 301,376 shares of the company’s stock worth $20,915,000 after purchasing an additional 757 shares in the last quarter.

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.