Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sets New 1-Year High – Here’s What Happened

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) shares hit a new 52-week high on Thursday . The company traded as high as $68.85 and last traded at $68.83, with a volume of 41578 shares traded. The stock had previously closed at $68.21.

Fidelity Low Volatility Factor ETF Stock Up 0.1%

The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77. The stock’s fifty day moving average is $66.77 and its two-hundred day moving average is $66.87.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Institutional investors have recently added to or reduced their stakes in the company. Maseco LLP acquired a new position in Fidelity Low Volatility Factor ETF during the fourth quarter worth $25,000. Allworth Financial LP increased its holdings in Fidelity Low Volatility Factor ETF by 460.8% during the third quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after buying an additional 341 shares during the last quarter. MAI Capital Management increased its holdings in Fidelity Low Volatility Factor ETF by 58.7% during the third quarter. MAI Capital Management now owns 419 shares of the company’s stock worth $28,000 after buying an additional 155 shares during the last quarter. Legacy Wealth Managment LLC ID acquired a new position in Fidelity Low Volatility Factor ETF during the fourth quarter worth $31,000. Finally, Ankerstar Wealth LLC acquired a new position in Fidelity Low Volatility Factor ETF during the fourth quarter worth $32,000.

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.