Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Large Volume Increase – What’s Next?

Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw unusually-strong trading volume on Friday . Approximately 165,903 shares traded hands during trading, an increase of 98% from the previous session’s volume of 83,919 shares.The stock last traded at $62.85 and had previously closed at $63.07.

Fidelity Low Volatility Factor ETF Stock Down 0.9 %

The company has a 50 day simple moving average of $61.62 and a two-hundred day simple moving average of $61.12. The company has a market capitalization of $1.17 billion, a P/E ratio of 26.48 and a beta of 0.69.

Institutional Investors Weigh In On Fidelity Low Volatility Factor ETF

Several large investors have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC grew its stake in shares of Fidelity Low Volatility Factor ETF by 11.2% during the fourth quarter. EP Wealth Advisors LLC now owns 1,822 shares of the company’s stock valued at $110,000 after buying an additional 183 shares during the last quarter. Advisors Capital Management LLC grew its stake in shares of Fidelity Low Volatility Factor ETF by 1.0% during the fourth quarter. Advisors Capital Management LLC now owns 36,571 shares of the company’s stock valued at $2,216,000 after buying an additional 363 shares during the last quarter. Absolute Capital Management LLC grew its stake in shares of Fidelity Low Volatility Factor ETF by 10.7% during the fourth quarter. Absolute Capital Management LLC now owns 4,657 shares of the company’s stock valued at $282,000 after buying an additional 452 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in shares of Fidelity Low Volatility Factor ETF by 5.6% during the third quarter. Pallas Capital Advisors LLC now owns 13,429 shares of the company’s stock valued at $824,000 after buying an additional 713 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Fidelity Low Volatility Factor ETF by 35.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 3,018 shares of the company’s stock valued at $183,000 after buying an additional 790 shares during the last quarter.

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.