Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 7.7% in the first quarter, Holdings Channel.com reports. The firm owned 315,684 shares of the company’s stock after acquiring an additional 22,625 shares during the quarter. Kestra Advisory Services LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $17,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDLO. Voisard Asset Management Group Inc. acquired a new stake in shares of Fidelity Low Volatility Factor ETF during the 4th quarter worth $26,000. Clarity Asset Management Inc. acquired a new position in shares of Fidelity Low Volatility Factor ETF in the 4th quarter valued at about $115,000. GDS Wealth Management purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the 4th quarter worth about $209,000. Birchcreek Wealth Management LLC acquired a new stake in Fidelity Low Volatility Factor ETF during the 4th quarter worth approximately $232,000. Finally, Destiny Wealth Partners LLC purchased a new position in Fidelity Low Volatility Factor ETF in the fourth quarter valued at approximately $272,000.

Fidelity Low Volatility Factor ETF Trading Up 1.0 %

FDLO traded up $0.58 during trading on Friday, hitting $58.09. 71,448 shares of the company’s stock were exchanged, compared to its average volume of 115,957. Fidelity Low Volatility Factor ETF has a 1 year low of $47.41 and a 1 year high of $59.13. The stock has a 50 day moving average price of $57.06 and a 200 day moving average price of $55.64. The firm has a market cap of $1.09 billion, a P/E ratio of 26.48 and a beta of 0.69.

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.