Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Reaches New 1-Year High – Still a Buy?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $70.43 and last traded at $70.30, with a volume of 12019 shares changing hands. The stock had previously closed at $69.85.

Fidelity Low Volatility Factor ETF Stock Performance

The stock has a market capitalization of $1.44 billion, a PE ratio of 24.34 and a beta of 0.77. The company’s 50-day moving average price is $67.47 and its 200 day moving average price is $67.35.

Institutional Trading of Fidelity Low Volatility Factor ETF

A number of institutional investors have recently made changes to their positions in FDLO. Cullen Frost Bankers Inc. increased its position in Fidelity Low Volatility Factor ETF by 1.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 9,586 shares of the company’s stock valued at $640,000 after buying an additional 147 shares in the last quarter. Equitable Holdings Inc. grew its stake in shares of 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 last quarter. MAI Capital Management increased its holdings in shares of Fidelity Low Volatility Factor ETF by 58.7% during the third quarter. MAI Capital Management now owns 419 shares of the company’s stock valued at $28,000 after acquiring an additional 155 shares in the last quarter. Smart Money Group LLC raised its position in shares of Fidelity Low Volatility Factor ETF by 1.1% in the 4th quarter. Smart Money Group LLC now owns 15,713 shares of the company’s stock valued at $1,049,000 after purchasing an additional 175 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Fidelity Low Volatility Factor ETF by 2.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,310 shares of the company’s stock worth $488,000 after purchasing an additional 180 shares in the last quarter.

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.