Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sets New 12-Month High – Here’s What Happened

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) shares hit a new 52-week high on Tuesday . The stock traded as high as $70.68 and last traded at $70.68, with a volume of 2793 shares. The stock had previously closed at $70.00.

Fidelity Low Volatility Factor ETF Stock Up 0.8%

The stock has a fifty day moving average of $69.16 and a two-hundred day moving average of $67.83. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in Fidelity Low Volatility Factor ETF by 104.7% during the 1st quarter. Royal Bank of Canada now owns 109,915 shares of the company’s stock worth $6,663,000 after purchasing an additional 56,230 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Fidelity Low Volatility Factor ETF by 1,088.1% in the first quarter. Goldman Sachs Group Inc. now owns 74,421 shares of the company’s stock valued at $4,511,000 after buying an additional 68,157 shares during the period. Empowered Funds LLC acquired a new position in Fidelity Low Volatility Factor ETF during the first quarter valued at approximately $523,000. Jane Street Group LLC acquired a new position in Fidelity Low Volatility Factor ETF during the first quarter valued at approximately $869,000. Finally, Darwin Wealth Management LLC acquired a new position in Fidelity Low Volatility Factor ETF during the second quarter valued at approximately $193,000.

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.