Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $63.19 and last traded at $63.14, with a volume of 73570 shares changing hands. The stock had previously closed at $62.80.
Fidelity Low Volatility Factor ETF Price Performance
The stock’s 50 day simple moving average is $61.60 and its two-hundred day simple moving average is $61.06. The firm has a market cap of $1.18 billion, a P/E ratio of 26.48 and a beta of 0.69.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new position in Fidelity Low Volatility Factor ETF in the third quarter worth about $49,000. Kestra Investment Management LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF during the fourth quarter valued at approximately $76,000. EP Wealth Advisors LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF during the third quarter valued at approximately $101,000. Wells Fargo & Company MN raised its holdings in Fidelity Low Volatility Factor ETF by 1,106.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,738 shares of the company’s stock worth $105,000 after acquiring an additional 1,594 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in Fidelity Low Volatility Factor ETF by 2,005.9% in the 4th quarter. Global Retirement Partners LLC now owns 2,148 shares of the company’s stock valued at $130,000 after acquiring an additional 2,046 shares in 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.
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