Betterment LLC Decreases Position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Betterment LLC trimmed its stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 8.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,682 shares of the company’s stock after selling 745 shares during the quarter. Betterment LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $465,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FDLO. Kestra Investment Management LLC acquired a new position in shares of Fidelity Low Volatility Factor ETF in the fourth quarter worth $76,000. Wells Fargo & Company MN raised its holdings in shares of Fidelity Low Volatility Factor ETF by 1,106.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,738 shares of the company’s stock worth $105,000 after acquiring an additional 1,594 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Fidelity Low Volatility Factor ETF by 2,005.9% in the fourth quarter. Global Retirement Partners LLC now owns 2,148 shares of the company’s stock worth $130,000 after acquiring an additional 2,046 shares during the last quarter. Provident Wealth Management LLC acquired a new position in shares of Fidelity Low Volatility Factor ETF in the fourth quarter worth $175,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Fidelity Low Volatility Factor ETF by 35.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 3,018 shares of the company’s stock worth $183,000 after acquiring an additional 790 shares during the last quarter.

Fidelity Low Volatility Factor ETF Stock Up 0.2 %

NYSEARCA FDLO opened at $58.87 on Tuesday. Fidelity Low Volatility Factor ETF has a fifty-two week low of $53.59 and a fifty-two week high of $63.32. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 24.17 and a beta of 0.82. The business has a fifty day moving average of $59.68 and a 200-day moving average of $61.05.

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.