Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Hits New 1-Year High – What’s Next?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $62.79 and last traded at $62.79, with a volume of 32797 shares traded. The stock had previously closed at $62.46.

Fidelity Low Volatility Factor ETF Stock Performance

The company’s 50-day moving average price is $61.36 and its 200 day moving average price is $59.04. The stock has a market cap of $1.18 billion, a PE ratio of 26.48 and a beta of 0.69.

Institutional Trading of Fidelity Low Volatility Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in shares of Fidelity Low Volatility Factor ETF by 45.5% during the first quarter. Jane Street Group LLC now owns 78,575 shares of the company’s stock valued at $4,414,000 after purchasing an additional 24,559 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Fidelity Low Volatility Factor ETF by 145.4% during the 1st quarter. Cetera Investment Advisers now owns 115,377 shares of the company’s stock worth $6,482,000 after acquiring an additional 68,363 shares in the last quarter. Cetera Advisors LLC grew its holdings in shares of Fidelity Low Volatility Factor ETF by 10.5% in the first quarter. Cetera Advisors LLC now owns 7,221 shares of the company’s stock valued at $406,000 after purchasing an additional 689 shares in the last quarter. Verity Asset Management Inc. increased its position in Fidelity Low Volatility Factor ETF by 5.2% in the first quarter. Verity Asset Management Inc. now owns 9,103 shares of the company’s stock worth $511,000 after purchasing an additional 450 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the second quarter valued at $333,000.

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.