Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Strong Trading Volume – Here’s Why

Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw unusually-high trading volume on Monday . Approximately 174,257 shares traded hands during trading, an increase of 86% from the previous session’s volume of 93,854 shares.The stock last traded at $60.48 and had previously closed at $60.15.

Fidelity Low Volatility Factor ETF Price Performance

The business’s fifty day moving average price is $61.73 and its 200-day moving average price is $61.51. The stock has a market capitalization of $1.35 billion, a PE ratio of 25.52 and a beta of 0.86.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Large investors have recently modified their holdings of the company. Brookstone Capital Management boosted its position in shares of Fidelity Low Volatility Factor ETF by 16.5% in the fourth quarter. Brookstone Capital Management now owns 7,626 shares of the company’s stock valued at $462,000 after acquiring an additional 1,078 shares during the period. Stifel Financial Corp lifted its position in Fidelity Low Volatility Factor ETF by 19.0% during the third quarter. Stifel Financial Corp now owns 33,408 shares of the company’s stock valued at $2,050,000 after purchasing an additional 5,341 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in Fidelity Low Volatility Factor ETF by 25.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 7,682 shares of the company’s stock valued at $465,000 after purchasing an additional 1,575 shares during the last quarter. Jane Street Group LLC bought a new stake in Fidelity Low Volatility Factor ETF during the third quarter valued at approximately $1,514,000. Finally, EP Wealth Advisors LLC bought a new stake in Fidelity Low Volatility Factor ETF during the third quarter valued at approximately $101,000.

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.