Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $53.59 and last traded at $54.83, with a volume of 88241 shares trading hands. The stock had previously closed at $55.89.
Fidelity Low Volatility Factor ETF Stock Performance
The company has a market capitalization of $1.28 billion, a PE ratio of 22.87 and a beta of 0.82. The company’s 50-day moving average is $60.92 and its 200 day moving average is $61.32.
Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF
A number of hedge funds have recently added to or reduced their stakes in FDLO. Kestra Investment Management LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the 4th quarter valued at $76,000. EP Wealth Advisors LLC bought a new stake in Fidelity Low Volatility Factor ETF in the 3rd quarter worth about $101,000. Wells Fargo & Company MN raised its position in 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 worth $105,000 after buying an additional 1,594 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 2,005.9% during the 4th quarter. Global Retirement Partners LLC now owns 2,148 shares of the company’s stock valued at $130,000 after acquiring an additional 2,046 shares during the last quarter. Finally, Provident Wealth Management LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF in the fourth quarter worth approximately $175,000.
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.
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