Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Hits New 1-Year High – Here’s Why

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $72.55 and last traded at $72.51, with a volume of 8678 shares traded. The stock had previously closed at $71.78.

Fidelity Low Volatility Factor ETF Price Performance

The firm has a market capitalization of $1.44 billion, a PE ratio of 24.34 and a beta of 0.77. The firm has a fifty day moving average price of $69.63 and a 200 day moving average price of $68.26.

Institutional Trading of Fidelity Low Volatility Factor ETF

Several institutional investors and hedge funds have recently bought and sold shares of FDLO. Bank of America Corp DE boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 8.5% in the third quarter. Bank of America Corp DE now owns 481,167 shares of the company’s stock worth $31,694,000 after buying an additional 37,654 shares during the period. LPL Financial LLC raised its holdings in shares of Fidelity Low Volatility Factor ETF by 10.5% during the fourth 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 during the period. Campbell Deegan Wealth Management LLC lifted its position in shares of Fidelity Low Volatility Factor ETF by 3.4% in 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 lifted its position in shares of Fidelity Low Volatility Factor ETF by 6.4% in 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 boosted its stake in Fidelity Low Volatility Factor ETF by 0.3% in the 2nd quarter. Corient Private Wealth LLC now owns 236,209 shares of the company’s stock worth $14,834,000 after purchasing an additional 682 shares during the period.

About Fidelity Low Volatility Factor ETF

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.