Mechanics Bank Trust Department Increases Stock Position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Mechanics Bank Trust Department raised its holdings in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 10.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,086 shares of the company’s stock after acquiring an additional 5,782 shares during the quarter. Mechanics Bank Trust Department’s holdings in Fidelity Low Volatility Factor ETF were worth $3,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Hoxton Planning & Management LLC bought a new position in Fidelity Low Volatility Factor ETF in the 3rd quarter valued at $211,000. Cetera Investment Advisers boosted its stake in Fidelity Low Volatility Factor ETF by 9.1% during the second quarter. Cetera Investment Advisers now owns 125,826 shares of the company’s stock valued at $7,177,000 after buying an additional 10,449 shares during the period. Truist Financial Corp bought a new stake in Fidelity Low Volatility Factor ETF during the second quarter valued at $267,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity Low Volatility Factor ETF by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 28,057 shares of the company’s stock valued at $1,600,000 after acquiring an additional 488 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Fidelity Low Volatility Factor ETF by 0.4% during the second quarter. NewEdge Advisors LLC now owns 145,374 shares of the company’s stock worth $8,292,000 after purchasing an additional 552 shares in the last quarter.

Fidelity Low Volatility Factor ETF Price Performance

Shares of FDLO opened at $61.49 on Friday. The firm’s 50 day simple moving average is $59.86 and its 200 day simple moving average is $57.54. The company has a market capitalization of $1.15 billion, a P/E ratio of 26.48 and a beta of 0.69. Fidelity Low Volatility Factor ETF has a 1-year low of $47.41 and a 1-year high of $61.51.

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.