Gradient Investments LLC Acquires New Shares in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Gradient Investments LLC acquired a new stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) during the second quarter, according to its most recent filing with the SEC. The fund acquired 573 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Verity Asset Management Inc. increased its stake in Fidelity Low Volatility Factor ETF by 5.2% in the 1st quarter. Verity Asset Management Inc. now owns 9,103 shares of the company’s stock worth $511,000 after acquiring an additional 450 shares during the last quarter. Voisard Asset Management Group Inc. bought a new position in Fidelity Low Volatility Factor ETF in the 4th quarter worth about $26,000. Avantax Advisory Services Inc. increased its stake in Fidelity Low Volatility Factor ETF by 5.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 9,187 shares of the company’s stock worth $487,000 after acquiring an additional 515 shares during the last quarter. Cetera Advisors LLC increased its stake in Fidelity Low Volatility Factor ETF by 10.5% in the 1st quarter. Cetera Advisors LLC now owns 7,221 shares of the company’s stock worth $406,000 after acquiring an additional 689 shares during the last quarter. Finally, Asset Allocation Strategies LLC increased its stake in Fidelity Low Volatility Factor ETF by 5.8% in the 4th quarter. Asset Allocation Strategies LLC now owns 26,116 shares of the company’s stock worth $1,383,000 after acquiring an additional 1,439 shares during the last quarter.

Fidelity Low Volatility Factor ETF Stock Up 0.2 %

Shares of NYSEARCA FDLO opened at $59.01 on Friday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 26.48 and a beta of 0.69. The stock’s 50-day simple moving average is $57.64 and its two-hundred day simple moving average is $56.07. Fidelity Low Volatility Factor ETF has a twelve month low of $47.41 and a twelve month high of $59.13.

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.