Howard Capital Management Inc. Buys 38,621 Shares of Fidelity Low Volatility Factor ETF $FDLO

Howard Capital Management Inc. raised its stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 91.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,838 shares of the company’s stock after acquiring an additional 38,621 shares during the quarter. Howard Capital Management Inc. owned about 0.41% of Fidelity Low Volatility Factor ETF worth $5,077,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Avidian Wealth Enterprises LLC grew its position in shares of Fidelity Low Volatility Factor ETF by 24.2% in the first quarter. Avidian Wealth Enterprises LLC now owns 9,695 shares of the company’s stock valued at $588,000 after purchasing an additional 1,889 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Fidelity Low Volatility Factor ETF by 3.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 611,643 shares of the company’s stock valued at $37,078,000 after purchasing an additional 19,305 shares during the period. Cerity Partners LLC grew its holdings in Fidelity Low Volatility Factor ETF by 9.6% in the 1st quarter. Cerity Partners LLC now owns 4,143 shares of the company’s stock valued at $251,000 after buying an additional 363 shares in the last quarter. Sigma Planning Corp grew its holdings in Fidelity Low Volatility Factor ETF by 10.3% in the 1st quarter. Sigma Planning Corp now owns 7,629 shares of the company’s stock valued at $462,000 after buying an additional 711 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in Fidelity Low Volatility Factor ETF by 156.3% during the 1st quarter. Cullen Frost Bankers Inc. now owns 7,734 shares of the company’s stock worth $469,000 after buying an additional 4,716 shares during the period.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of Fidelity Low Volatility Factor ETF stock opened at $66.53 on Tuesday. The firm has a 50-day moving average of $65.36 and a 200-day moving average of $62.84. The stock has a market cap of $1.41 billion, a PE ratio of 24.34 and a beta of 0.80. Fidelity Low Volatility Factor ETF has a 52-week low of $53.59 and a 52-week high of $66.57.

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.