Envestnet Portfolio Solutions Inc. Has $991,000 Stake in Fidelity Low Volatility Factor ETF $FDLO

Envestnet Portfolio Solutions Inc. raised its stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 14.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 15,777 shares of the company’s stock after purchasing an additional 2,039 shares during the period. Envestnet Portfolio Solutions Inc. owned approximately 0.08% of Fidelity Low Volatility Factor ETF worth $991,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FDLO. CWM LLC lifted its position in shares of Fidelity Low Volatility Factor ETF by 233.3% during the 2nd quarter. CWM LLC now owns 700 shares of the company’s stock worth $44,000 after buying an additional 490 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Fidelity Low Volatility Factor ETF during the 2nd quarter worth approximately $67,000. IFP Advisors Inc lifted its position in shares of Fidelity Low Volatility Factor ETF by 14.4% during the 2nd quarter. IFP Advisors Inc now owns 3,511 shares of the company’s stock worth $220,000 after buying an additional 443 shares in the last quarter. Regatta Capital Group LLC bought a new position in shares of Fidelity Low Volatility Factor ETF during the 2nd quarter worth approximately $476,000. Finally, Mechanics Bank Trust Department lifted its position in shares of Fidelity Low Volatility Factor ETF by 17.9% during the 2nd quarter. Mechanics Bank Trust Department now owns 73,282 shares of the company’s stock worth $4,602,000 after buying an additional 11,111 shares in the last quarter.

Fidelity Low Volatility Factor ETF Stock Up 0.8%

Fidelity Low Volatility Factor ETF stock opened at $65.26 on Friday. Fidelity Low Volatility Factor ETF has a 52 week low of $53.59 and a 52 week high of $66.36. The company’s 50 day moving average price is $65.15 and its two-hundred day moving average price is $62.40. The stock has a market cap of $1.38 billion, a P/E ratio of 24.34 and a beta of 0.85.

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.