Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Unusually-High Trading Volume – Still a Buy?

Fidelity Value Factor ETF (NYSEARCA:FVAL) shares saw an uptick in trading volume on Wednesday . 216,775 shares were traded during trading, an increase of 226% from the previous session’s volume of 66,537 shares.The stock last traded at $63.80 and had previously closed at $63.95.

Fidelity Value Factor ETF Price Performance

The company has a market cap of $890.99 million, a PE ratio of 15.28 and a beta of 0.93. The stock has a fifty day moving average price of $61.72 and a 200-day moving average price of $59.18.

Hedge Funds Weigh In On Fidelity Value Factor ETF

A number of large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of Fidelity Value Factor ETF by 1.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,477 shares of the company’s stock worth $696,000 after acquiring an additional 188 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Fidelity Value Factor ETF by 8.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,336 shares of the company’s stock worth $192,000 after purchasing an additional 267 shares during the last quarter. Comerica Bank raised its stake in shares of Fidelity Value Factor ETF by 33.7% during the 1st quarter. Comerica Bank now owns 2,182 shares of the company’s stock worth $125,000 after purchasing an additional 550 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Fidelity Value Factor ETF during the 2nd quarter valued at about $32,000. Finally, PFG Advisors grew its stake in shares of Fidelity Value Factor ETF by 1.2% in the 3rd quarter. PFG Advisors now owns 47,778 shares of the company’s stock valued at $2,895,000 after buying an additional 575 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.