Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Hits New 52-Week High – Time to Buy?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $69.74 and last traded at $69.73, with a volume of 18233 shares changing hands. The stock had previously closed at $69.27.

Fidelity Low Volatility Factor ETF Stock Performance

The firm’s 50 day simple moving average is $66.97 and its 200-day simple moving average is $67.11. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77.

Institutional Trading of Fidelity Low Volatility Factor ETF

Several large investors have recently added to or reduced their stakes in FDLO. Bank of America Corp DE grew its holdings in shares of Fidelity Low Volatility Factor ETF by 8.5% during the 3rd quarter. Bank of America Corp DE now owns 481,167 shares of the company’s stock valued at $31,694,000 after acquiring an additional 37,654 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Fidelity Low Volatility Factor ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 404,099 shares of the company’s stock valued at $26,974,000 after acquiring an additional 38,385 shares in the last quarter. Campbell Deegan Wealth Management LLC grew its holdings in shares of Fidelity Low Volatility Factor ETF by 3.4% during the 4th quarter. Campbell Deegan Wealth Management LLC now owns 330,360 shares of the company’s stock valued at $22,052,000 after acquiring an additional 10,950 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Fidelity Low Volatility Factor ETF by 6.4% during the 1st quarter. Cetera Investment Advisers now owns 256,501 shares of the company’s stock valued at $16,567,000 after acquiring an additional 15,335 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of Fidelity Low Volatility Factor ETF by 0.3% during the 2nd quarter. Corient Private Wealth LLC now owns 236,209 shares of the company’s stock valued at $14,834,000 after acquiring an additional 682 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.