MTM Investment Management LLC Invests $58,000 in Fidelity Low Volatility Factor ETF $FDLO

MTM Investment Management LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) during the second quarter, Holdings Channel.com reports. The firm purchased 919 shares of the company’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDLO. Private Advisor Group LLC raised its stake in Fidelity Low Volatility Factor ETF by 3.6% during the 1st quarter. Private Advisor Group LLC now owns 5,994 shares of the company’s stock valued at $363,000 after purchasing an additional 208 shares during the period. Valley Financial Group Inc. grew its position in shares of Fidelity Low Volatility Factor ETF by 5.3% in the first quarter. Valley Financial Group Inc. now owns 5,588 shares of the company’s stock valued at $339,000 after purchasing an additional 283 shares during the last quarter. Nvwm LLC increased its stake in shares of Fidelity Low Volatility Factor ETF by 1.9% in the first quarter. Nvwm LLC now owns 18,584 shares of the company’s stock worth $1,127,000 after purchasing an additional 355 shares during the period. Cerity Partners LLC boosted its stake in Fidelity Low Volatility Factor ETF by 9.6% during the 1st quarter. Cerity Partners LLC now owns 4,143 shares of the company’s stock valued at $251,000 after purchasing an additional 363 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity Low Volatility Factor ETF by 1.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 28,680 shares of the company’s stock valued at $1,739,000 after purchasing an additional 379 shares during the period.

Fidelity Low Volatility Factor ETF Stock Down 0.1%

Shares of NYSEARCA FDLO opened at $66.10 on Monday. Fidelity Low Volatility Factor ETF has a 12 month low of $53.59 and a 12 month high of $66.80. The company has a market cap of $1.41 billion, a P/E ratio of 24.34 and a beta of 0.80. The business’s 50 day moving average is $65.73 and its two-hundred day moving average is $63.65.

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.