Fidelity Value Factor ETF (NYSEARCA:FVAL) Hits New 1-Year High – Time to Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL) reached a new 52-week high on Friday . The stock traded as high as $83.57 and last traded at $83.57, with a volume of 730 shares changing hands. The stock had previously closed at $83.41.

Fidelity Value Factor ETF Price Performance

The stock has a 50 day moving average price of $79.45 and a 200-day moving average price of $75.92. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FVAL. Greenline Wealth Management LLC purchased a new stake in shares of Fidelity Value Factor ETF during the fourth quarter worth $32,000. Wells Fargo & Company MN raised its position in shares of Fidelity Value Factor ETF by 516.4% in the fourth quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock valued at $33,000 after buying an additional 377 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV lifted its stake in shares of Fidelity Value Factor ETF by 709.0% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 542 shares of the company’s stock worth $39,000 after buying an additional 475 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Fidelity Value Factor ETF in the fourth quarter worth about $39,000. Finally, Compass Financial Management LLC acquired a new position in Fidelity Value Factor ETF during the second quarter worth about $65,000.

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.