Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Hits New 1-Year High – Here’s What Happened

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $74.17 and last traded at $74.1710, with a volume of 54,690 shares traded. The stock had previously closed at $74.12.

Fidelity Low Volatility Factor ETF Stock Up 0.1%

The business has a 50-day moving average of $72.27 and a 200-day moving average of $70.38. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FDLO. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity Low Volatility Factor ETF by 1.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 534,296 shares of the company’s stock valued at $36,511,000 after acquiring an additional 9,779 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Fidelity Low Volatility Factor ETF by 6.4% in the first quarter. Cetera Investment Advisers now owns 256,501 shares of the company’s stock valued at $16,567,000 after acquiring an additional 15,335 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in Fidelity Low Volatility Factor ETF by 138.3% during the second quarter. Ameritas Advisory Services LLC now owns 254,114 shares of the company’s stock worth $17,365,000 after acquiring an additional 147,473 shares in the last quarter. Corient Private Wealth LP raised its holdings in Fidelity Low Volatility Factor ETF by 1,667.4% during the second quarter. Corient Private Wealth LP now owns 186,302 shares of the company’s stock worth $12,731,000 after acquiring an additional 175,761 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Fidelity Low Volatility Factor ETF by 6.2% during the second quarter. NewEdge Advisors LLC now owns 123,304 shares of the company’s stock worth $8,426,000 after acquiring an additional 7,240 shares in the last quarter.

About Fidelity Low Volatility Factor ETF

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.