Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Reaches New 1-Year High – Here’s Why

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $62.79 and last traded at $62.79, with a volume of 32797 shares trading hands. The stock had previously closed at $62.46.

Fidelity Low Volatility Factor ETF Trading Down 0.0 %

The company has a 50-day moving average of $61.45 and a 200-day moving average of $59.12. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 26.48 and a beta of 0.69.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Fidelity Low Volatility Factor ETF by 15.8% in the third quarter. FMR LLC now owns 9,352,065 shares of the company’s stock worth $573,749,000 after acquiring an additional 1,279,047 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in Fidelity Low Volatility Factor ETF during the third quarter worth $16,976,000. Cetera Investment Advisers boosted its stake in Fidelity Low Volatility Factor ETF by 145.4% during the first quarter. Cetera Investment Advisers now owns 115,377 shares of the company’s stock worth $6,482,000 after buying an additional 68,363 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Fidelity Low Volatility Factor ETF by 10.3% during the second quarter. Envestnet Asset Management Inc. now owns 536,162 shares of the company’s stock worth $30,583,000 after buying an additional 50,154 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in Fidelity Low Volatility Factor ETF by 15.7% during the third quarter. Ameritas Advisory Services LLC now owns 303,471 shares of the company’s stock worth $18,618,000 after buying an additional 41,250 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.