Fidelity Value Factor ETF (NYSEARCA:FVAL) Shares Up 1.1% – Here’s What Happened

Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) shot up 1.1% on Friday . The company traded as high as $62.18 and last traded at $62.10. 59,212 shares changed hands during trading, a decline of 9% from the average session volume of 64,956 shares. The stock had previously closed at $61.44.

Fidelity Value Factor ETF Price Performance

The firm has a fifty day simple moving average of $62.79 and a 200-day simple moving average of $60.29. The firm has a market cap of $866.30 million, a P/E ratio of 15.28 and a beta of 0.93.

Institutional Trading of Fidelity Value Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new position in shares of Fidelity Value Factor ETF during the second quarter valued at about $32,000. Vantage Financial Partners LLC acquired a new position in Fidelity Value Factor ETF during the 2nd quarter valued at about $1,327,000. PFG Advisors increased its holdings in Fidelity Value Factor ETF by 7.9% during the 2nd quarter. PFG Advisors now owns 47,203 shares of the company’s stock worth $2,718,000 after purchasing an additional 3,466 shares in the last quarter. Condor Capital Management raised its stake in shares of Fidelity Value Factor ETF by 5.3% in the second quarter. Condor Capital Management now owns 95,862 shares of the company’s stock worth $5,520,000 after purchasing an additional 4,847 shares during the last quarter. Finally, Thoroughbred Financial Services LLC lifted its holdings in shares of Fidelity Value Factor ETF by 72.9% in the second quarter. Thoroughbred Financial Services LLC now owns 8,057 shares of the company’s stock valued at $463,000 after purchasing an additional 3,396 shares in the last quarter.

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.