Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sets New 1-Year High – What’s Next?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $67.94 and last traded at $67.8440, with a volume of 37578 shares. The stock had previously closed at $67.44.

Fidelity Low Volatility Factor ETF Price Performance

The firm’s fifty day moving average is $66.67 and its two-hundred day moving average is $65.22. The firm has a market capitalization of $1.50 billion, a PE ratio of 24.34 and a beta of 0.80.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Several institutional investors have recently modified their holdings of FDLO. Two Sigma Investments LP purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the third quarter valued at approximately $5,131,000. Goldman Sachs Group Inc. increased its position in shares of Fidelity Low Volatility Factor ETF by 1,088.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 74,421 shares of the company’s stock valued at $4,511,000 after purchasing an additional 68,157 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Fidelity Low Volatility Factor ETF by 49.5% during the 2nd quarter. NewEdge Advisors LLC now owns 176,211 shares of the company’s stock valued at $11,066,000 after purchasing an additional 58,317 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Fidelity Low Volatility Factor ETF by 104.7% during the 1st quarter. Royal Bank of Canada now owns 109,915 shares of the company’s stock worth $6,663,000 after purchasing an additional 56,230 shares during the period. Finally, Howard Capital Management Inc. boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 54.5% in the 3rd quarter. Howard Capital Management Inc. now owns 124,883 shares of the company’s stock worth $8,226,000 after buying an additional 44,045 shares during the last quarter.

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.