Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Reaches New 12-Month High at $59.94

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) shares hit a new 52-week high during trading on Monday . The stock traded as high as $59.94 and last traded at $59.94, with a volume of 2396 shares trading hands. The stock had previously closed at $59.76.

Fidelity Low Volatility Factor ETF Trading Up 0.2 %

The firm has a 50-day moving average of $57.93 and a two-hundred day moving average of $56.26. The firm has a market capitalization of $1.12 billion, a P/E ratio of 26.48 and a beta of 0.69.

Institutional Trading of Fidelity Low Volatility Factor ETF

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its position in shares of Fidelity Low Volatility Factor ETF by 9.1% in the 2nd quarter. Cetera Investment Advisers now owns 125,826 shares of the company’s stock worth $7,177,000 after acquiring an additional 10,449 shares in the last quarter. Truist Financial Corp acquired a new position in shares of Fidelity Low Volatility Factor ETF during the second quarter valued at about $267,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Low Volatility Factor ETF by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 28,057 shares of the company’s stock valued at $1,600,000 after buying an additional 488 shares during the period. NewEdge Advisors LLC grew its stake in shares of Fidelity Low Volatility Factor ETF by 0.4% in the 2nd quarter. NewEdge Advisors LLC now owns 145,374 shares of the company’s stock valued at $8,292,000 after buying an additional 552 shares during the period. Finally, Kowal Investment Group LLC raised its stake in Fidelity Low Volatility Factor ETF by 6.6% during the 2nd quarter. Kowal Investment Group LLC now owns 12,016 shares of the company’s stock worth $685,000 after buying an additional 740 shares during the period.

About Fidelity Low Volatility Factor ETF

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.