Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Reaches New 12-Month High – Should You Buy?

Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) hit a new 52-week high on Wednesday. The stock traded as high as $74.43 and last traded at $74.39, with a volume of 15,445 shares. The stock had previously closed at $74.23.

Fidelity Low Volatility Factor ETF Trading Up 0.2%

The firm has a 50-day moving average price of $72.42 and a 200 day moving average price of $69.55. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in Fidelity Low Volatility Factor ETF by 4.3% during the 2nd quarter. IFP Advisors Inc now owns 3,434 shares of the company’s stock worth $235,000 after acquiring an additional 143 shares during the period. Fifth Third Bancorp lifted its stake in shares of Fidelity Low Volatility Factor ETF by 149.2% in the 1st quarter. Fifth Third Bancorp now owns 658 shares of the company’s stock worth $42,000 after acquiring an additional 394 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Fidelity Low Volatility Factor ETF by 2.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,281 shares of the company’s stock worth $1,044,000 after acquiring an additional 402 shares during the period. Roxbury Financial LLC boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 3.3% in the second quarter. Roxbury Financial LLC now owns 15,230 shares of the company’s stock valued at $1,041,000 after acquiring an additional 493 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 6,861 shares of the company’s stock valued at $443,000 after acquiring an additional 564 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.