Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Reaches New 1-Year High – What’s Next?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $67.00 and last traded at $65.84, with a volume of 201 shares traded. The stock had previously closed at $65.56.

Fidelity Low Volatility Factor ETF Stock Performance

The company’s fifty day simple moving average is $65.59 and its 200-day simple moving average is $63.39. The company has a market capitalization of $1.41 billion, a P/E ratio of 24.34 and a beta of 0.80.

Institutional Trading of Fidelity Low Volatility Factor ETF

Several hedge funds have recently modified their holdings of FDLO. Private Advisor Group LLC raised its stake in shares of Fidelity Low Volatility Factor ETF by 3.6% during the 1st quarter. Private Advisor Group LLC now owns 5,994 shares of the company’s stock worth $363,000 after acquiring an additional 208 shares in the last quarter. Valley Financial Group Inc. lifted its holdings in shares of Fidelity Low Volatility Factor ETF by 5.3% during the 1st quarter. Valley Financial Group Inc. now owns 5,588 shares of the company’s stock valued at $339,000 after purchasing an additional 283 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Fidelity Low Volatility Factor ETF by 2.1% in the 3rd quarter. Pallas Capital Advisors LLC now owns 14,430 shares of the company’s stock worth $950,000 after purchasing an additional 302 shares in the last quarter. Roxbury Financial LLC grew its stake in Fidelity Low Volatility Factor ETF by 15.5% during the 3rd quarter. Roxbury Financial LLC now owns 2,453 shares of the company’s stock worth $162,000 after buying an additional 329 shares during the last quarter. Finally, Nvwm LLC grew its stake in Fidelity Low Volatility Factor ETF by 1.9% during the 1st quarter. Nvwm LLC now owns 18,584 shares of the company’s stock worth $1,127,000 after buying an additional 355 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.