NewEdge Advisors LLC Decreases Stock Holdings in Fidelity Low Volatility Factor ETF $FDLO

NewEdge Advisors LLC lessened its position in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 7.6% in the 1st quarter, HoldingsChannel reports. The fund owned 116,064 shares of the company’s stock after selling 9,572 shares during the period. NewEdge Advisors LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $7,497,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. increased its holdings in shares of Fidelity Low Volatility Factor ETF by 1.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 9,586 shares of the company’s stock valued at $640,000 after purchasing an additional 147 shares during the period. Equitable Holdings Inc. raised its position in Fidelity Low Volatility Factor ETF by 3.7% during the fourth quarter. Equitable Holdings Inc. now owns 4,239 shares of the company’s stock worth $283,000 after acquiring an additional 151 shares during the period. Smart Money Group LLC lifted its position in shares of Fidelity Low Volatility Factor ETF by 1.1% in the fourth quarter. Smart Money Group LLC now owns 15,713 shares of the company’s stock valued at $1,049,000 after acquiring an additional 175 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Fidelity Low Volatility Factor ETF by 2.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,310 shares of the company’s stock valued at $488,000 after buying an additional 180 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Fidelity Low Volatility Factor ETF by 1.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,553 shares of the company’s stock valued at $1,572,000 after acquiring an additional 229 shares during the last quarter.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of Fidelity Low Volatility Factor ETF stock opened at $73.64 on Tuesday. Fidelity Low Volatility Factor ETF has a one year low of $63.36 and a one year high of $73.64. The business’s 50 day moving average price is $69.97 and its 200 day moving average price is $68.49. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76.

About Fidelity Low Volatility Factor ETF

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.