Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sets New 52-Week High – What’s Next?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) hit a new 52-week high on Monday . The stock traded as high as $70.71 and last traded at $70.71, with a volume of 1856 shares traded. The stock had previously closed at $69.29.

Fidelity Low Volatility Factor ETF Stock Up 0.8%

The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77. The business has a 50 day moving average price of $69.48 and a 200-day moving average price of $68.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in Fidelity Low Volatility Factor ETF by 104.7% during the 1st 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 during the period. Goldman Sachs Group Inc. boosted its holdings in Fidelity Low Volatility Factor ETF by 1,088.1% in the first quarter. Goldman Sachs Group Inc. now owns 74,421 shares of the company’s stock valued at $4,511,000 after purchasing an additional 68,157 shares during the last quarter. Empowered Funds LLC acquired a new stake in Fidelity Low Volatility Factor ETF during the 1st quarter valued at approximately $523,000. Jane Street Group LLC acquired a new stake in Fidelity Low Volatility Factor ETF during the 1st quarter valued at approximately $869,000. Finally, Darwin Wealth Management LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the 2nd quarter worth approximately $193,000.

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.