Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Hits New 12-Month High – Time to Buy?

Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) reached a new 52-week high on Thursday . The company traded as high as $62.28 and last traded at $62.20, with a volume of 72436 shares traded. The stock had previously closed at $61.92.

Fidelity Low Volatility Factor ETF Stock Up 0.5 %

The company’s fifty day moving average is $60.90 and its two-hundred day moving average is $58.35. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 26.48 and a beta of 0.69.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James & Associates lifted its holdings in Fidelity Low Volatility Factor ETF by 4.6% during the 3rd quarter. Raymond James & Associates now owns 88,844 shares of the company’s stock worth $5,451,000 after buying an additional 3,901 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the third quarter worth approximately $552,000. Truist Financial Corp acquired a new position in Fidelity Low Volatility Factor ETF in the second quarter valued at approximately $267,000. NewEdge Advisors LLC increased its stake in Fidelity Low Volatility Factor ETF by 0.4% in the second quarter. NewEdge Advisors LLC now owns 145,374 shares of the company’s stock valued at $8,292,000 after purchasing an additional 552 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Fidelity Low Volatility Factor ETF by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,057 shares of the company’s stock worth $1,600,000 after purchasing an additional 488 shares in 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.