Fidelity Low Volatility Factor ETF $FDLO Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lessened its holdings in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 18.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 200,461 shares of the company’s stock after selling 44,131 shares during the quarter. Kestra Advisory Services LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $12,948,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FDLO. Sykon Capital LLC bought a new position in Fidelity Low Volatility Factor ETF in the 4th quarter worth approximately $11,713,000. Howard Capital Management Inc. raised its stake in Fidelity Low Volatility Factor ETF by 86.9% during the 4th quarter. Howard Capital Management Inc. now owns 233,344 shares of the company’s stock valued at $15,576,000 after acquiring an additional 108,461 shares in the last quarter. Royal Bank of Canada raised its stake in Fidelity Low Volatility Factor ETF by 189.7% during the 4th quarter. Royal Bank of Canada now owns 155,181 shares of the company’s stock valued at $10,358,000 after acquiring an additional 101,619 shares in the last quarter. Two Sigma Investments LP acquired a new position in Fidelity Low Volatility Factor ETF during the 3rd quarter worth $5,131,000. Finally, Goldman Sachs Group Inc. boosted its position in Fidelity Low Volatility Factor ETF by 1,088.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 74,421 shares of the company’s stock worth $4,511,000 after acquiring an additional 68,157 shares during the period.

Fidelity Low Volatility Factor ETF Stock Performance

NYSEARCA:FDLO opened at $70.14 on Monday. Fidelity Low Volatility Factor ETF has a 1 year low of $62.23 and a 1 year high of $70.71. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77. The business has a fifty day moving average of $69.32 and a 200-day moving average of $67.92.

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.