Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Strong Trading Volume – Should You Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw unusually-strong trading volume on Thursday . Approximately 259,666 shares were traded during trading, an increase of 268% from the previous session’s volume of 70,653 shares.The stock last traded at $60.41 and had previously closed at $60.42.

Fidelity Value Factor ETF Price Performance

The company has a market capitalization of $832.33 million, a PE ratio of 19.40 and a beta of 1.03. The stock’s 50 day simple moving average is $62.49 and its 200-day simple moving average is $61.94.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its stake in shares of Fidelity Value Factor ETF by 0.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 23,107 shares of the company’s stock valued at $1,421,000 after acquiring an additional 177 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Fidelity Value Factor ETF by 4.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 4,766 shares of the company’s stock worth $293,000 after purchasing an additional 213 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in shares of Fidelity Value Factor ETF by 2.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 10,368 shares of the company’s stock worth $638,000 after purchasing an additional 240 shares during the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Fidelity Value Factor ETF by 3.5% during the fourth quarter. Atomi Financial Group Inc. now owns 8,901 shares of the company’s stock worth $548,000 after buying an additional 305 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its stake in shares of Fidelity Value Factor ETF by 8.9% during the fourth quarter. Kovack Advisors Inc. now owns 5,151 shares of the company’s stock valued at $317,000 after buying an additional 420 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.