89,219 Shares of Fidelity Low Volatility Factor ETF $FDLO Bought by Mechanics Bank Trust Department

Mechanics Bank Trust Department purchased a new stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 89,219 shares of the company’s stock, valued at approximately $6,304,000. Mechanics Bank Trust Department owned approximately 0.45% of Fidelity Low Volatility Factor ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. City Center Advisors LLC increased its holdings in Fidelity Low Volatility Factor ETF by 45.9% in the 3rd quarter. City Center Advisors LLC now owns 9,083 shares of the company’s stock worth $642,000 after purchasing an additional 2,859 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Fidelity Low Volatility Factor ETF by 2.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,281 shares of the company’s stock valued at $1,044,000 after purchasing an additional 402 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Fidelity Low Volatility Factor ETF by 1.9% in the second quarter. Envestnet Asset Management Inc. now owns 534,296 shares of the company’s stock valued at $36,511,000 after purchasing an additional 9,779 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Fidelity Low Volatility Factor ETF by 6.2% during the second quarter. NewEdge Advisors LLC now owns 123,304 shares of the company’s stock valued at $8,426,000 after purchasing an additional 7,240 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Fidelity Low Volatility Factor ETF by 4.3% during the second quarter. IFP Advisors Inc now owns 3,434 shares of the company’s stock valued at $235,000 after purchasing an additional 143 shares in the last quarter.

Fidelity Low Volatility Factor ETF Trading Up 0.1%

FDLO traded up $0.09 during trading on Tuesday, reaching $73.17. 106,414 shares of the company’s stock were exchanged, compared to its average volume of 64,562. Fidelity Low Volatility Factor ETF has a one year low of $63.36 and a one year high of $73.64. The stock has a market capitalization of $1.46 billion, a PE ratio of 24.34 and a beta of 0.76. The firm has a fifty day moving average price of $72.24 and a two-hundred day moving average price of $69.98.

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.