Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Hits New 52-Week High – What’s Next?

Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) reached a new 52-week high during trading on Thursday. The company traded as high as $73.72 and last traded at $73.7490, with a volume of 4,078 shares. The stock had previously closed at $73.17.

Fidelity Low Volatility Factor ETF Trading Up 0.7%

The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76. The business’s 50 day moving average price is $72.24 and its two-hundred day moving average price is $70.10.

Institutional Trading of Fidelity Low Volatility Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in Fidelity Low Volatility Factor ETF by 6.2% during the 2nd quarter. NewEdge Advisors LLC now owns 123,304 shares of the company’s stock valued at $8,426,000 after purchasing an additional 7,240 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Low Volatility Factor ETF by 1.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 534,296 shares of the company’s stock valued at $36,511,000 after purchasing an additional 9,779 shares in the last quarter. Mechanics Bank Trust Department boosted its stake in shares of Fidelity Low Volatility Factor ETF by 11.2% during the 2nd 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 in the last quarter. Corient Private Wealth LP boosted its stake in shares of Fidelity Low Volatility Factor ETF by 1,667.4% during the 2nd quarter. Corient Private Wealth LP now owns 186,302 shares of the company’s stock valued at $12,731,000 after purchasing an additional 175,761 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its position in shares of Fidelity Low Volatility Factor ETF by 138.3% during the second quarter. Ameritas Advisory Services LLC now owns 254,114 shares of the company’s stock valued at $17,365,000 after buying an additional 147,473 shares during the period.

About Fidelity Low Volatility Factor ETF

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.