9,001 Shares in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC acquired a new stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 9,001 shares of the company’s stock, valued at approximately $552,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FDLO. Cetera Investment Advisers boosted its stake in shares of Fidelity Low Volatility Factor ETF by 145.4% in the first quarter. Cetera Investment Advisers now owns 115,377 shares of the company’s stock valued at $6,482,000 after purchasing an additional 68,363 shares during the period. Envestnet Asset Management Inc. boosted its position in Fidelity Low Volatility Factor ETF by 10.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 536,162 shares of the company’s stock valued at $30,583,000 after buying an additional 50,154 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Fidelity Low Volatility Factor ETF by 4.6% during the second quarter. Commonwealth Equity Services LLC now owns 698,737 shares of the company’s stock valued at $39,856,000 after acquiring an additional 30,427 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Fidelity Low Volatility Factor ETF by 45.5% during the first quarter. Jane Street Group LLC now owns 78,575 shares of the company’s stock valued at $4,414,000 after acquiring an additional 24,559 shares in the last quarter. Finally, AE Wealth Management LLC increased its position in shares of Fidelity Low Volatility Factor ETF by 69.6% during the second quarter. AE Wealth Management LLC now owns 59,071 shares of the company’s stock worth $3,369,000 after acquiring an additional 24,243 shares during the last quarter.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of FDLO opened at $61.15 on Friday. Fidelity Low Volatility Factor ETF has a one year low of $47.41 and a one year high of $62.26. The stock has a 50-day moving average price of $60.68 and a 200 day moving average price of $57.95. The company has a market capitalization of $1.14 billion, a P/E ratio of 26.48 and a beta of 0.69.

Fidelity Low Volatility Factor ETF 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.