Hershey Financial Advisers LLC Makes New Investment in Fidelity Low Volatility Factor ETF $FDLO

Hershey Financial Advisers LLC acquired a new position in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 18,727 shares of the company’s stock, valued at approximately $1,210,000. Hershey Financial Advisers LLC owned approximately 0.09% of Fidelity Low Volatility Factor ETF at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FDLO. Maseco LLP purchased a new position in shares of Fidelity Low Volatility Factor ETF in the fourth quarter valued at $25,000. Allworth Financial LP increased its position in Fidelity Low Volatility Factor ETF by 460.8% in the third quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after purchasing an additional 341 shares during the last quarter. Legacy Wealth Managment LLC ID purchased a new stake in Fidelity Low Volatility Factor ETF during the fourth quarter valued at $31,000. Ankerstar Wealth LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the fourth quarter valued at $32,000. Finally, Fifth Third Bancorp lifted its position in Fidelity Low Volatility Factor ETF by 149.2% during the first 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 Stock Down 0.5%

Shares of NYSEARCA:FDLO opened at $70.05 on Friday. Fidelity Low Volatility Factor ETF has a 52 week low of $62.23 and a 52 week high of $70.71. The stock has a market capitalization of $1.40 billion, a P/E ratio of 24.34 and a beta of 0.77. The firm has a fifty day simple moving average of $69.42 and a two-hundred day simple moving average of $68.02.

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.