Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $68.04 and last traded at $68.0290, with a volume of 11516 shares traded. The stock had previously closed at $67.50.
Fidelity Low Volatility Factor ETF Trading Up 0.9%
The company’s 50-day simple moving average is $67.03 and its 200 day simple moving average is $65.64. The stock has a market cap of $1.49 billion, a P/E ratio of 24.34 and a beta of 0.80.
Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Maseco LLP purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the 4th quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Fidelity Low Volatility Factor ETF in the second quarter valued at $25,000. Allworth Financial LP raised its stake in shares of Fidelity Low Volatility Factor ETF by 460.8% during the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock valued at $27,000 after purchasing an additional 341 shares during the period. MAI Capital Management boosted its stake in Fidelity Low Volatility Factor ETF by 58.7% in the 3rd quarter. MAI Capital Management now owns 419 shares of the company’s stock worth $28,000 after purchasing an additional 155 shares during the period. Finally, Parallel Advisors LLC purchased a new position in Fidelity Low Volatility Factor ETF during the 3rd quarter valued at about $45,000.
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.
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