Mechanics Bank Trust Department Increases Stock Position in Fidelity Low Volatility Factor ETF $FDLO

Mechanics Bank Trust Department grew its holdings in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 11.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,546 shares of the company’s stock after buying an additional 9,450 shares during the period. Mechanics Bank Trust Department’s holdings in Fidelity Low Volatility Factor ETF were worth $6,392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sykon Capital LLC bought a new position in shares of Fidelity Low Volatility Factor ETF in the 4th quarter worth about $11,713,000. First Trust Advisors LP bought a new stake in Fidelity Low Volatility Factor ETF during the first quarter worth about $7,959,000. Howard Capital Management Inc. grew its holdings in Fidelity Low Volatility Factor ETF by 86.9% in the fourth quarter. Howard Capital Management Inc. now owns 233,344 shares of the company’s stock worth $15,576,000 after purchasing an additional 108,461 shares during the period. Royal Bank of Canada grew its holdings in Fidelity Low Volatility Factor ETF by 189.7% in the fourth quarter. Royal Bank of Canada now owns 155,181 shares of the company’s stock worth $10,358,000 after purchasing an additional 101,619 shares during the period. Finally, Two Sigma Investments LP bought a new position in shares of Fidelity Low Volatility Factor ETF during the third quarter valued at approximately $5,131,000.

Fidelity Low Volatility Factor ETF Stock Performance

FDLO stock opened at $72.91 on Thursday. The firm has a 50 day moving average price of $69.78 and a 200-day moving average price of $68.36. Fidelity Low Volatility Factor ETF has a 52-week low of $62.92 and a 52-week high of $73.61. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76.

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.