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

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $70.71 and last traded at $70.71, with a volume of 1856 shares changing hands. The stock had previously closed at $69.29.

Fidelity Low Volatility Factor ETF Trading Up 1.4%

The firm has a market capitalization of $1.43 billion, a PE ratio of 24.34 and a beta of 0.77. The business has a 50-day moving average of $69.54 and a 200 day moving average of $68.18.

Institutional Trading of Fidelity Low Volatility Factor ETF

Several institutional investors have recently made changes to their positions in the company. Maseco LLP purchased a new stake in shares of Fidelity Low Volatility Factor ETF in the fourth quarter valued at about $25,000. Allworth Financial LP grew its position in Fidelity Low Volatility Factor ETF by 460.8% in the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after purchasing an additional 341 shares in the last quarter. Legacy Wealth Managment LLC ID bought a new stake in Fidelity Low Volatility Factor ETF in the 4th quarter worth about $31,000. Ankerstar Wealth LLC purchased a new stake in Fidelity Low Volatility Factor ETF in the 4th quarter valued at about $32,000. Finally, CoreCap Advisors LLC purchased a new stake in Fidelity Low Volatility Factor ETF in the 2nd quarter valued at about $40,000.

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.