Mechanics Bank Trust Department Purchases 3,620 Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Mechanics Bank Trust Department grew its position in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,706 shares of the company’s stock after buying an additional 3,620 shares during the quarter. Mechanics Bank Trust Department owned approximately 0.34% of Fidelity Low Volatility Factor ETF worth $3,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FMR LLC grew its position in Fidelity Low Volatility Factor ETF by 15.8% during the 3rd quarter. FMR LLC now owns 9,352,065 shares of the company’s stock worth $573,749,000 after acquiring an additional 1,279,047 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Fidelity Low Volatility Factor ETF by 3.7% in the third quarter. Commonwealth Equity Services LLC now owns 724,927 shares of the company’s stock worth $44,474,000 after purchasing an additional 26,190 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in Fidelity Low Volatility Factor ETF by 15.7% in the third quarter. Ameritas Advisory Services LLC now owns 303,471 shares of the company’s stock worth $18,618,000 after purchasing an additional 41,250 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF during the third quarter worth $16,976,000. Finally, GFG Capital LLC increased its stake in shares of Fidelity Low Volatility Factor ETF by 0.6% in the third quarter. GFG Capital LLC now owns 164,195 shares of the company’s stock valued at $10,073,000 after buying an additional 1,045 shares in the last quarter.

Fidelity Low Volatility Factor ETF Stock Up 0.4 %

Shares of NYSEARCA FDLO opened at $61.00 on Monday. Fidelity Low Volatility Factor ETF has a 12-month low of $53.02 and a 12-month high of $63.19. The firm’s 50-day simple moving average is $61.64 and its 200 day simple moving average is $60.45. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 26.48 and a beta of 0.69.

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.