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

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s share price reached a new 52-week high on Monday . The stock traded as high as $73.62 and last traded at $73.57, with a volume of 12660 shares traded. The stock had previously closed at $73.45.

Fidelity Low Volatility Factor ETF Trading Up 0.1%

The firm has a market cap of $1.46 billion, a PE ratio of 24.34 and a beta of 0.76. The company’s 50-day moving average is $69.90 and its 200 day moving average is $68.44.

Institutional Trading of Fidelity Low Volatility Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP grew its holdings in shares of Fidelity Low Volatility Factor ETF by 460.8% during the third quarter. Allworth Financial LP now owns 415 shares of the company’s stock valued at $27,000 after buying an additional 341 shares in the last quarter. Legacy Wealth Managment LLC ID purchased a new stake in Fidelity Low Volatility Factor ETF in the 4th quarter worth about $31,000. Ankerstar Wealth LLC acquired a new stake in Fidelity Low Volatility Factor ETF during the 4th quarter worth about $32,000. CoreCap Advisors LLC acquired a new stake in Fidelity Low Volatility Factor ETF during the 2nd quarter worth about $40,000. Finally, Fifth Third Bancorp grew its stake in Fidelity Low Volatility Factor ETF by 149.2% during the 1st quarter. Fifth Third Bancorp now owns 658 shares of the company’s stock valued at $42,000 after acquiring an additional 394 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.