Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Unusually-High Trading Volume – Here’s Why

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) shares saw unusually-strong trading volume on Friday . Approximately 165,903 shares changed hands during mid-day trading, an increase of 98% from the previous session’s volume of 83,919 shares.The stock last traded at $62.85 and had previously closed at $63.07.

Fidelity Low Volatility Factor ETF Trading Down 1.1 %

The firm has a fifty day simple moving average of $61.61 and a 200 day simple moving average of $61.17. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 26.48 and a beta of 0.69.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Large investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in Fidelity Low Volatility Factor ETF in the 3rd quarter valued at approximately $49,000. Kestra Investment Management LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF in the 4th quarter valued at approximately $76,000. EP Wealth Advisors LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF in the 3rd quarter valued at approximately $101,000. Wells Fargo & Company MN grew its stake in shares of Fidelity Low Volatility Factor ETF by 1,106.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,738 shares of the company’s stock valued at $105,000 after purchasing an additional 1,594 shares during the period. Finally, Global Retirement Partners LLC grew its stake in shares of Fidelity Low Volatility Factor ETF by 2,005.9% in the 4th quarter. Global Retirement Partners LLC now owns 2,148 shares of the company’s stock valued at $130,000 after purchasing an additional 2,046 shares during the period.

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.