Focus Partners Advisor Solutions LLC Reduces Stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Focus Partners Advisor Solutions LLC cut its holdings in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 15.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,747 shares of the company’s stock after selling 1,216 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $409,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Fidelity Low Volatility Factor ETF in the fourth quarter worth about $76,000. Wells Fargo & Company MN lifted its stake in shares of 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 valued at $105,000 after purchasing an additional 1,594 shares during the period. EP Wealth Advisors LLC boosted its position in shares of Fidelity Low Volatility Factor ETF by 11.2% during the fourth quarter. EP Wealth Advisors LLC now owns 1,822 shares of the company’s stock valued at $110,000 after purchasing an additional 183 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Fidelity Low Volatility Factor ETF by 2,005.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,148 shares of the company’s stock valued at $130,000 after purchasing an additional 2,046 shares in the last quarter. Finally, Provident Wealth Management LLC purchased a new stake in Fidelity Low Volatility Factor ETF in the fourth quarter worth $175,000.

Fidelity Low Volatility Factor ETF Trading Down 0.6%

FDLO opened at $60.20 on Friday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 24.14 and a beta of 0.82. The stock has a fifty day simple moving average of $59.22 and a two-hundred day simple moving average of $60.91. Fidelity Low Volatility Factor ETF has a 12-month low of $53.59 and a 12-month high of $63.32.

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.