Fidelity Value Factor ETF (NYSEARCA:FVAL) Hits New 52-Week High – Still a Buy?

Fidelity Value Factor ETF (NYSEARCA:FVALGet Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $63.80 and last traded at $63.80, with a volume of 260 shares. The stock had previously closed at $63.26.

Fidelity Value Factor ETF Stock Performance

The stock has a market cap of $892.15 million, a PE ratio of 15.28 and a beta of 0.93. The company’s 50-day moving average price is $61.46 and its two-hundred day moving average price is $59.06.

Hedge Funds Weigh In On Fidelity Value Factor ETF

A number of large investors have recently modified their holdings of the company. Executive Wealth Management LLC bought a new position in shares of Fidelity Value Factor ETF during the 3rd quarter valued at $831,000. Integrated Wealth Concepts LLC grew its stake in shares of Fidelity Value Factor ETF by 22.3% during the third quarter. Integrated Wealth Concepts LLC now owns 4,553 shares of the company’s stock valued at $276,000 after buying an additional 831 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Fidelity Value Factor ETF by 3.6% in the third quarter. Rockefeller Capital Management L.P. now owns 22,930 shares of the company’s stock worth $1,389,000 after buying an additional 796 shares during the period. FMR LLC lifted its stake in shares of Fidelity Value Factor ETF by 3.2% in the 3rd quarter. FMR LLC now owns 846,651 shares of the company’s stock valued at $51,307,000 after acquiring an additional 26,275 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in Fidelity Value Factor ETF during the 3rd quarter valued at about $428,000.

Fidelity Value Factor ETF Company Profile

(Get Free Report)

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.

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