Fidelity Low Volatility Factor ETF $FDLO Position Boosted by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC boosted its holdings in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 12.9% during the 2nd quarter, Holdings Channel reports. The fund owned 74,355 shares of the company’s stock after acquiring an additional 8,484 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $4,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in FDLO. Abound Wealth Management acquired a new position in Fidelity Low Volatility Factor ETF during the 2nd quarter worth $33,000. CWM LLC increased its holdings in shares of Fidelity Low Volatility Factor ETF by 233.3% during the second quarter. CWM LLC now owns 700 shares of the company’s stock valued at $44,000 after purchasing an additional 490 shares during the period. Briaud Financial Planning Inc bought a new stake in shares of Fidelity Low Volatility Factor ETF during the second quarter valued at about $45,000. Blue Trust Inc. bought a new stake in shares of Fidelity Low Volatility Factor ETF during the second quarter valued at about $67,000. Finally, Roxbury Financial LLC lifted its holdings in Fidelity Low Volatility Factor ETF by 495.0% in the second quarter. Roxbury Financial LLC now owns 2,124 shares of the company’s stock worth $133,000 after purchasing an additional 1,767 shares during the period.

Fidelity Low Volatility Factor ETF Stock Down 0.1%

Shares of FDLO opened at $66.10 on Friday. The firm has a market capitalization of $1.41 billion, a PE ratio of 24.34 and a beta of 0.80. The firm has a 50-day moving average price of $65.73 and a 200 day moving average price of $63.63. Fidelity Low Volatility Factor ETF has a 52-week low of $53.59 and a 52-week high of $66.80.

Fidelity Low Volatility Factor ETF 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.