Running Point Capital Advisors LLC Increases Position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Running Point Capital Advisors LLC grew its position in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 2.5% in the third quarter, HoldingsChannel reports. The firm owned 147,882 shares of the company’s stock after buying an additional 3,550 shares during the quarter. Fidelity Low Volatility Factor ETF accounts for approximately 3.5% of Running Point Capital Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Running Point Capital Advisors LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $9,073,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Segall Bryant & Hamill LLC bought a new position in Fidelity Low Volatility Factor ETF during the third quarter valued at $16,976,000. Cetera Investment Advisers lifted its holdings in shares of Fidelity Low Volatility Factor ETF by 145.4% in the 1st quarter. Cetera Investment Advisers now owns 115,377 shares of the company’s stock valued at $6,482,000 after acquiring an additional 68,363 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Fidelity Low Volatility Factor ETF by 10.3% in the second quarter. Envestnet Asset Management Inc. now owns 536,162 shares of the company’s stock worth $30,583,000 after acquiring an additional 50,154 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in Fidelity Low Volatility Factor ETF by 15.7% during the third quarter. Ameritas Advisory Services LLC now owns 303,471 shares of the company’s stock worth $18,618,000 after acquiring an additional 41,250 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Fidelity Low Volatility Factor ETF by 4.6% during the second quarter. Commonwealth Equity Services LLC now owns 698,737 shares of the company’s stock valued at $39,856,000 after purchasing an additional 30,427 shares during the period.

Fidelity Low Volatility Factor ETF Price Performance

NYSEARCA:FDLO opened at $61.42 on Thursday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 26.48 and a beta of 0.69. The business has a 50 day simple moving average of $61.27 and a 200-day simple moving average of $58.88. Fidelity Low Volatility Factor ETF has a 1 year low of $51.29 and a 1 year high of $62.72.

Fidelity Low Volatility Factor ETF 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.