Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Reaches New 52-Week High – Still a Buy?

Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $73.62 and last traded at $73.57, with a volume of 12660 shares. The stock had previously closed at $73.45.

Fidelity Low Volatility Factor ETF Stock Performance

The company has a 50 day simple moving average of $70.02 and a 200 day simple moving average of $68.53. The company has a market capitalization of $1.46 billion, a PE ratio of 24.34 and a beta of 0.76.

Institutional Trading of Fidelity Low Volatility Factor ETF

Several large investors have recently made changes to their positions in FDLO. Allworth Financial LP lifted its holdings in Fidelity Low Volatility Factor ETF by 460.8% in the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock valued at $27,000 after purchasing an additional 341 shares in the last quarter. Legacy Wealth Managment LLC ID purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the fourth quarter worth $31,000. Ankerstar Wealth LLC acquired a new stake in shares of Fidelity Low Volatility Factor ETF in the fourth quarter valued at about $32,000. CoreCap Advisors LLC purchased a new position in shares of Fidelity Low Volatility Factor ETF in the second quarter worth about $40,000. Finally, Fifth Third Bancorp boosted 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 acquiring an additional 394 shares during the last quarter.

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.