Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Shares Sold by RMR Wealth Builders

RMR Wealth Builders trimmed its stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 58.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,712 shares of the company’s stock after selling 8,011 shares during the quarter. RMR Wealth Builders owned about 0.05% of Fidelity Low Volatility Factor ETF worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Birchcreek Wealth Management LLC bought a new position in Fidelity Low Volatility Factor ETF during the 4th quarter valued at $232,000. VitalStone Financial LLC bought a new position in Fidelity Low Volatility Factor ETF during the 3rd quarter valued at $248,000. Destiny Wealth Partners LLC bought a new position in Fidelity Low Volatility Factor ETF during the 4th quarter valued at $272,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF during the 4th quarter worth $361,000. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Fidelity Low Volatility Factor ETF by 8.5% during the 3rd quarter. Avantax Advisory Services Inc. now owns 8,672 shares of the company’s stock worth $422,000 after acquiring an additional 683 shares in the last quarter.

Fidelity Low Volatility Factor ETF Price Performance

Shares of FDLO traded down $0.04 during trading hours on Wednesday, hitting $55.43. 58,041 shares of the company were exchanged, compared to its average volume of 142,732. The company has a market capitalization of $1.04 billion, a PE ratio of 26.48 and a beta of 0.69. The firm has a fifty day simple moving average of $55.08 and a 200-day simple moving average of $53.42. Fidelity Low Volatility Factor ETF has a one year low of $47.41 and a one year high of $56.27.

Fidelity Low Volatility Factor ETF 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.