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

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) shares reached a new 52-week high on Monday . The company traded as high as $69.74 and last traded at $69.73, with a volume of 18233 shares trading hands. The stock had previously closed at $69.27.

Fidelity Low Volatility Factor ETF Stock Performance

The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77. The business’s fifty day simple moving average is $67.06 and its 200 day simple moving average is $67.16.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Cullen Frost Bankers Inc. grew its stake in 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 valued at $640,000 after purchasing an additional 147 shares in the last quarter. Equitable Holdings Inc. boosted its stake in shares of Fidelity Low Volatility Factor ETF by 3.7% during the 4th quarter. Equitable Holdings Inc. now owns 4,239 shares of the company’s stock valued at $283,000 after buying an additional 151 shares during the last quarter. MAI Capital Management boosted its stake in shares of Fidelity Low Volatility Factor ETF by 58.7% during the 3rd quarter. MAI Capital Management now owns 419 shares of the company’s stock valued at $28,000 after buying an additional 155 shares during the last quarter. Smart Money Group LLC grew its position in shares of 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 worth $1,049,000 after buying an additional 175 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Fidelity Low Volatility Factor ETF by 2.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,310 shares of the company’s stock worth $488,000 after buying an additional 180 shares during the last quarter.

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.