Royal Bank of Canada Decreases Stake in Fidelity Low Volatility Factor ETF $FDLO

Royal Bank of Canada reduced its stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 23.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 118,595 shares of the company’s stock after selling 36,586 shares during the quarter. Royal Bank of Canada’s holdings in Fidelity Low Volatility Factor ETF were worth $7,660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in FDLO. Allworth Financial LP increased its position in shares of Fidelity Low Volatility Factor ETF by 460.8% in the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock valued at $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 about $31,000. Ankerstar Wealth LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the 4th quarter valued at about $32,000. Fifth Third Bancorp grew its stake in Fidelity Low Volatility Factor ETF by 149.2% during 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. Finally, Parallel Advisors LLC acquired a new position in shares of Fidelity Low Volatility Factor ETF in the third quarter valued at about $45,000.

Fidelity Low Volatility Factor ETF Stock Up 0.3%

Shares of NYSEARCA:FDLO opened at $73.64 on Tuesday. Fidelity Low Volatility Factor ETF has a 52-week low of $63.36 and a 52-week high of $73.64. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76. The business has a 50-day moving average price of $69.97 and a 200-day moving average price of $68.49.

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.