NewEdge Advisors LLC Cuts Holdings in Fidelity Low Volatility Factor ETF $FDLO

NewEdge Advisors LLC lessened its stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 7.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,041 shares of the company’s stock after selling 9,595 shares during the quarter. NewEdge Advisors LLC owned about 0.57% of Fidelity Low Volatility Factor ETF worth $7,495,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FDLO. Maseco LLP acquired a new position in Fidelity Low Volatility Factor ETF in the fourth quarter valued at $25,000. Allworth Financial LP lifted its position in Fidelity Low Volatility Factor ETF by 460.8% during the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after acquiring an additional 341 shares during the period. Legacy Wealth Managment LLC ID acquired a new stake in Fidelity Low Volatility Factor ETF during the 4th quarter worth approximately $31,000. Ankerstar Wealth LLC purchased a new position in shares of Fidelity Low Volatility Factor ETF in the 4th quarter valued at approximately $32,000. Finally, Fifth Third Bancorp grew its stake in shares of Fidelity Low Volatility Factor ETF by 149.2% in the 1st quarter. Fifth Third Bancorp now owns 658 shares of the company’s stock valued at $42,000 after purchasing an additional 394 shares during the last quarter.

Fidelity Low Volatility Factor ETF Trading Up 0.3%

NYSEARCA:FDLO opened at $71.41 on Friday. The firm has a market cap of $1.43 billion, a P/E ratio of 24.34 and a beta of 0.77. The stock’s 50 day simple moving average is $69.60 and its 200-day simple moving average is $68.23. Fidelity Low Volatility Factor ETF has a 12-month low of $62.23 and a 12-month high of $72.10.

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.