First Trust Advisors LP Buys Shares of 123,227 Fidelity Low Volatility Factor ETF $FDLO

First Trust Advisors LP bought a new stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 123,227 shares of the company’s stock, valued at approximately $7,959,000.

Other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. increased its stake in shares of Fidelity Low Volatility Factor ETF by 1.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 9,586 shares of the company’s stock worth $640,000 after purchasing an additional 147 shares during the last quarter. Equitable Holdings Inc. lifted its stake in Fidelity Low Volatility Factor ETF by 3.7% in the fourth quarter. Equitable Holdings Inc. now owns 4,239 shares of the company’s stock valued at $283,000 after purchasing an additional 151 shares during the last quarter. Smart Money Group LLC grew its holdings in Fidelity Low Volatility Factor ETF by 1.1% during the fourth quarter. Smart Money Group LLC now owns 15,713 shares of the company’s stock valued at $1,049,000 after purchasing an additional 175 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in Fidelity Low Volatility Factor ETF by 2.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,310 shares of the company’s stock valued at $488,000 after purchasing an additional 180 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Low Volatility Factor ETF by 1.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,553 shares of the company’s stock valued at $1,572,000 after purchasing an additional 229 shares during the period.

Fidelity Low Volatility Factor ETF Price Performance

NYSEARCA:FDLO opened at $71.78 on Friday. The company has a market capitalization of $1.43 billion, a P/E ratio of 24.34 and a beta of 0.77. The business has a fifty day simple moving average of $69.63 and a two-hundred day simple moving average of $68.26. Fidelity Low Volatility Factor ETF has a 1 year low of $62.23 and a 1 year high of $72.10.

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.