Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sets New 1-Year High – Should You Buy?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $70.43 and last traded at $70.30, with a volume of 12019 shares trading hands. The stock had previously closed at $69.85.

Fidelity Low Volatility Factor ETF Price Performance

The firm has a market capitalization of $1.44 billion, a P/E ratio of 24.34 and a beta of 0.77. The company’s 50-day simple moving average is $67.31 and its two-hundred day simple moving average is $67.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Maseco LLP purchased a new position in shares of Fidelity Low Volatility Factor ETF in the 4th quarter worth approximately $25,000. Allworth Financial LP grew its position in Fidelity Low Volatility Factor ETF by 460.8% during the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after purchasing an additional 341 shares during the last quarter. MAI Capital Management grew its position in Fidelity Low Volatility Factor ETF by 58.7% during the 3rd quarter. MAI Capital Management now owns 419 shares of the company’s stock worth $28,000 after purchasing an additional 155 shares during the last quarter. Legacy Wealth Managment LLC ID purchased a new stake in Fidelity Low Volatility Factor ETF during the 4th quarter worth approximately $31,000. Finally, Ankerstar Wealth LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the 4th quarter worth approximately $32,000.

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.