Lido Advisors LLC Acquires 97,541 Shares of Fidelity Low Volatility Factor ETF $FDLO

Lido Advisors LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 97,541 shares of the company’s stock, valued at approximately $6,892,000. Lido Advisors LLC owned 0.47% of Fidelity Low Volatility Factor ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. CoreCap Advisors LLC acquired a new position in Fidelity Low Volatility Factor ETF in the second quarter valued at about $40,000. Fifth Third Bancorp lifted its position in Fidelity Low Volatility Factor ETF by 149.2% during the first quarter. Fifth Third Bancorp now owns 658 shares of the company’s stock worth $42,000 after purchasing an additional 394 shares during the period. Brighton Jones LLC bought a new stake in Fidelity Low Volatility Factor ETF during the third quarter worth about $221,000. Integrity Alliance LLC. acquired a new stake in Fidelity Low Volatility Factor ETF during the third quarter worth about $227,000. Finally, IFP Advisors Inc grew its stake in Fidelity Low Volatility Factor ETF by 4.3% during the second quarter. IFP Advisors Inc now owns 3,434 shares of the company’s stock worth $235,000 after buying an additional 143 shares in the last quarter.

Fidelity Low Volatility Factor ETF Stock Up 0.1%

FDLO stock opened at $76.15 on Friday. Fidelity Low Volatility Factor ETF has a 12 month low of $63.36 and a 12 month high of $76.69. The firm has a market cap of $1.58 billion, a P/E ratio of 24.86 and a beta of 0.74. The company’s 50-day moving average price is $72.97 and its two-hundred day moving average price is $70.00.

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.