Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $72.55 and last traded at $72.51, with a volume of 8678 shares changing hands. The stock had previously closed at $71.78.
Fidelity Low Volatility Factor ETF Price Performance
The company has a fifty day moving average price of $69.73 and a two-hundred day moving average price of $68.33. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Mechanics Bank Trust Department lifted its holdings in shares of Fidelity Low Volatility Factor ETF by 11.2% during the second quarter. Mechanics Bank Trust Department now owns 93,546 shares of the company’s stock valued at $6,392,000 after purchasing an additional 9,450 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the second quarter valued at about $40,000. City Center Advisors LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the second quarter valued at about $425,000. Roxbury Financial LLC boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 3.3% in the second quarter. Roxbury Financial LLC now owns 15,230 shares of the company’s stock worth $1,041,000 after buying an additional 493 shares during the period. Finally, Security Financial Services INC. boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 8.9% in the first quarter. Security Financial Services INC. now owns 14,101 shares of the company’s stock worth $911,000 after buying an additional 1,158 shares during the period.
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.
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