Fidelity Low Volatility Factor ETF $FDLO Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC reduced its stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 7.6% in the 1st quarter, HoldingsChannel reports. The firm owned 116,041 shares of the company’s stock after selling 9,595 shares during the quarter. NewEdge Advisors LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $7,495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of Fidelity Low Volatility Factor ETF by 104.7% during the first quarter. Royal Bank of Canada now owns 109,915 shares of the company’s stock worth $6,663,000 after buying an additional 56,230 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Fidelity Low Volatility Factor ETF by 1,088.1% during the first quarter. Goldman Sachs Group Inc. now owns 74,421 shares of the company’s stock valued at $4,511,000 after buying an additional 68,157 shares during the period. Empowered Funds LLC purchased a new position in shares of Fidelity Low Volatility Factor ETF during the first quarter valued at approximately $523,000. Jane Street Group LLC acquired a new stake in Fidelity Low Volatility Factor ETF during the first quarter worth approximately $869,000. Finally, Darwin Wealth Management LLC purchased a new stake in Fidelity Low Volatility Factor ETF in the 2nd quarter worth approximately $193,000.

Fidelity Low Volatility Factor ETF Stock Performance

Fidelity Low Volatility Factor ETF stock opened at $71.41 on Friday. Fidelity Low Volatility Factor ETF has a 1 year low of $62.23 and a 1 year high of $72.10. The firm has a 50 day moving average price of $69.60 and a 200 day moving average price of $68.23. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77.

Fidelity Low Volatility Factor ETF Company Profile

The Fidelity Low Volatility Factor ETF (FDLO) is an exchange-traded fund that is based on the Fidelity U.S. Low Volatility Factor index. The fund tracks an index of large- and mid-cap US stocks selected for low volatility of returns and earnings. FDLO was launched on Sep 12, 2016 and is managed by Fidelity.