Truvestments Capital LLC Takes Position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Truvestments Capital LLC purchased a new position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 800 shares of the company’s stock, valued at approximately $49,000.

A number of other institutional investors also recently bought and sold shares of the stock. Running Point Capital Advisors LLC raised its stake in Fidelity Low Volatility Factor ETF by 2.5% in the third quarter. Running Point Capital Advisors LLC now owns 147,882 shares of the company’s stock worth $9,073,000 after buying an additional 3,550 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Fidelity Low Volatility Factor ETF in the third quarter worth about $193,000. Segall Bryant & Hamill LLC bought a new position in Fidelity Low Volatility Factor ETF in the third quarter worth about $16,976,000. AMG National Trust Bank purchased a new stake in Fidelity Low Volatility Factor ETF in the third quarter worth about $214,000. Finally, Aptus Capital Advisors LLC grew its holdings in Fidelity Low Volatility Factor ETF by 51.8% in the third quarter. Aptus Capital Advisors LLC now owns 3,173 shares of the company’s stock worth $195,000 after purchasing an additional 1,083 shares during the period.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of FDLO opened at $62.93 on Thursday. The stock has a market cap of $1.18 billion, a PE ratio of 26.48 and a beta of 0.69. Fidelity Low Volatility Factor ETF has a fifty-two week low of $51.45 and a fifty-two week high of $63.17. The firm’s 50-day simple moving average is $61.45 and its two-hundred day simple moving average is $59.12.

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.