Fidelity Value Factor ETF (NYSEARCA:FVAL) Sets New 1-Year Low – Should You Sell?

Shares of Fidelity Value Factor ETF (NYSEARCA:FVAL) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $54.25 and last traded at $54.76, with a volume of 32744 shares trading hands. The stock had previously closed at $57.14.

Fidelity Value Factor ETF Stock Performance

The company has a market capitalization of $751.43 million, a P/E ratio of 19.40 and a beta of 1.03. The company has a 50-day simple moving average of $61.75 and a 200 day simple moving average of $62.03.

Institutional Investors Weigh In On Fidelity Value Factor ETF

A number of institutional investors have recently added to or reduced their stakes in FVAL. Capital Investment Counsel Inc acquired a new stake in Fidelity Value Factor ETF during the fourth quarter worth $137,000. Kestra Investment Management LLC acquired a new stake in shares of Fidelity Value Factor ETF during the 4th quarter valued at about $149,000. Cullen Frost Bankers Inc. raised its position in Fidelity Value Factor ETF by 153.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 2,683 shares of the company’s stock worth $165,000 after purchasing an additional 1,625 shares in the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of Fidelity Value Factor ETF in the 4th quarter valued at approximately $210,000. Finally, Glass Jacobson Investment Advisors llc grew its position in Fidelity Value Factor ETF by 12.2% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 3,935 shares of the company’s stock valued at $242,000 after acquiring an additional 427 shares during the period.

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.