Fidelity Value Factor ETF (NYSEARCA:FVAL) Sets New 52-Week High at $58.03

Fidelity Value Factor ETF (NYSEARCA:FVAL) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $58.03 and last traded at $57.87, with a volume of 12017 shares trading hands. The stock had previously closed at $57.96.

Fidelity Value Factor ETF Price Performance

The firm has a market capitalization of $808.12 million, a P/E ratio of 15.28 and a beta of 0.93. The stock’s fifty day simple moving average is $56.65 and its 200 day simple moving average is $55.23.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Goodwin Investment Advisory increased its holdings in shares of Fidelity Value Factor ETF by 6.4% during the fourth quarter. Goodwin Investment Advisory now owns 722,951 shares of the company’s stock valued at $38,315,000 after acquiring an additional 43,270 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in shares of Fidelity Value Factor ETF in the fourth quarter worth $47,000. Strategic Blueprint LLC acquired a new stake in shares of Fidelity Value Factor ETF during the fourth quarter worth $220,000. Traynor Capital Management Inc. purchased a new stake in shares of Fidelity Value Factor ETF during the fourth quarter valued at $2,952,000. Finally, Mutual Advisors LLC increased its position in shares of Fidelity Value Factor ETF by 21.2% in the 4th quarter. Mutual Advisors LLC now owns 41,913 shares of the company’s stock valued at $2,221,000 after acquiring an additional 7,323 shares during the period.

About Fidelity Value Factor ETF

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.