Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Unusually-High Trading Volume

Fidelity Value Factor ETF (NYSEARCA:FVAL) shares saw unusually-high trading volume on Tuesday . Approximately 210,481 shares changed hands during mid-day trading, an increase of 232% from the previous session’s volume of 63,398 shares.The stock last traded at $58.78 and had previously closed at $58.92.

Fidelity Value Factor ETF Trading Up 0.0 %

The business has a 50 day simple moving average of $57.49 and a 200-day simple moving average of $55.80. The stock has a market capitalization of $822.07 million, a price-to-earnings ratio of 15.28 and a beta of 0.93.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Traynor Capital Management Inc. purchased a new position in shares of Fidelity Value Factor ETF in the 4th quarter worth $2,952,000. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Fidelity Value Factor ETF by 6.2% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 45,900 shares of the company’s stock worth $2,433,000 after purchasing an additional 2,681 shares during the period. PFG Advisors raised its holdings in shares of Fidelity Value Factor ETF by 5.0% in the 4th quarter. PFG Advisors now owns 32,442 shares of the company’s stock worth $1,719,000 after purchasing an additional 1,541 shares during the period. AdvisorNet Financial Inc acquired a new position in shares of Fidelity Value Factor ETF in the 4th quarter valued at about $35,000. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of Fidelity Value Factor ETF by 113.7% during the 4th quarter. First Citizens Bank & Trust Co. now owns 53,701 shares of the company’s stock worth $2,846,000 after purchasing an additional 28,570 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.