Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Large Volume Increase – What’s Next?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw an uptick in trading volume on Monday . 122,081 shares traded hands during trading, an increase of 86% from the previous session’s volume of 65,515 shares.The stock last traded at $65.31 and had previously closed at $64.36.

Fidelity Low Volatility Factor ETF Stock Performance

The stock’s 50-day moving average price is $67.55 and its two-hundred day moving average price is $66.69. The stock has a market capitalization of $1.41 billion, a PE ratio of 24.34 and a beta of 0.80.

Institutional Investors Weigh In On Fidelity Low Volatility Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FDLO. Bank of America Corp DE lifted its holdings in shares of Fidelity Low Volatility Factor ETF by 8.5% during the third quarter. Bank of America Corp DE now owns 481,167 shares of the company’s stock valued at $31,694,000 after purchasing an additional 37,654 shares during the last quarter. LPL Financial LLC grew its stake in shares of Fidelity Low Volatility Factor ETF by 10.5% in the 4th quarter. LPL Financial LLC now owns 404,099 shares of the company’s stock worth $26,974,000 after buying an additional 38,385 shares during the last quarter. Campbell Deegan Wealth Management LLC grew its stake in shares of Fidelity Low Volatility Factor ETF by 3.4% in the 4th quarter. Campbell Deegan Wealth Management LLC now owns 330,360 shares of the company’s stock worth $22,052,000 after buying an additional 10,950 shares during the last quarter. Cetera Investment Advisers increased its position in Fidelity Low Volatility Factor ETF by 19.4% during the 4th quarter. Cetera Investment Advisers now owns 241,166 shares of the company’s stock valued at $16,098,000 after buying an additional 39,160 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in Fidelity Low Volatility Factor ETF by 0.3% during the 2nd quarter. Corient Private Wealth LLC now owns 236,209 shares of the company’s stock valued at $14,834,000 after buying an additional 682 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.