Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sets New 52-Week High – Here’s Why

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $63.19 and last traded at $63.14, with a volume of 73570 shares changing hands. The stock had previously closed at $62.80.

Fidelity Low Volatility Factor ETF Trading Up 0.8 %

The firm has a fifty day moving average of $61.60 and a 200 day moving average of $61.06. The company has a market capitalization of $1.18 billion, a P/E ratio of 26.48 and a beta of 0.69.

Institutional Trading of Fidelity Low Volatility Factor ETF

A number of large investors have recently made changes to their positions in FDLO. EP Wealth Advisors LLC lifted its position in Fidelity Low Volatility Factor ETF by 11.2% during the fourth quarter. EP Wealth Advisors LLC now owns 1,822 shares of the company’s stock valued at $110,000 after purchasing an additional 183 shares during the period. Advisors Capital Management LLC raised its stake in Fidelity Low Volatility Factor ETF by 1.0% during the 4th quarter. Advisors Capital Management LLC now owns 36,571 shares of the company’s stock valued at $2,216,000 after buying an additional 363 shares during the last quarter. Absolute Capital Management LLC lifted its holdings in shares of Fidelity Low Volatility Factor ETF by 10.7% during the 4th quarter. Absolute Capital Management LLC now owns 4,657 shares of the company’s stock valued at $282,000 after buying an additional 452 shares during the period. Pallas Capital Advisors LLC boosted its stake in shares of Fidelity Low Volatility Factor ETF by 5.6% in the 3rd quarter. Pallas Capital Advisors LLC now owns 13,429 shares of the company’s stock worth $824,000 after buying an additional 713 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Fidelity Low Volatility Factor ETF by 35.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 3,018 shares of the company’s stock worth $183,000 after acquiring an additional 790 shares during the period.

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.