Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sets New 52-Week High – What’s Next?

Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) reached a new 52-week high on Monday . The company traded as high as $70.71 and last traded at $70.71, with a volume of 1856 shares traded. The stock had previously closed at $69.29.

Fidelity Low Volatility Factor ETF Stock Up 0.8%

The firm has a market cap of $1.41 billion, a P/E ratio of 24.34 and a beta of 0.77. The business’s 50 day moving average is $69.48 and its 200-day moving average is $68.12.

Institutional Investors Weigh In On Fidelity Low Volatility Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of FDLO. Campbell Deegan Wealth Management LLC lifted its stake in Fidelity Low Volatility Factor ETF by 3.4% during the fourth quarter. Campbell Deegan Wealth Management LLC now owns 330,360 shares of the company’s stock worth $22,052,000 after purchasing an additional 10,950 shares during the last quarter. AE Wealth Management LLC increased its stake in shares of Fidelity Low Volatility Factor ETF by 37.2% in the fourth quarter. AE Wealth Management LLC now owns 117,214 shares of the company’s stock valued at $7,824,000 after purchasing an additional 31,764 shares during the period. Howard Capital Management Inc. raised its holdings in shares of Fidelity Low Volatility Factor ETF by 86.9% during the fourth quarter. Howard Capital Management Inc. now owns 233,344 shares of the company’s stock valued at $15,576,000 after buying an additional 108,461 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Fidelity Low Volatility Factor ETF by 92.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 25,384 shares of the company’s stock valued at $1,694,000 after buying an additional 12,163 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in shares of Fidelity Low Volatility Factor ETF during the first quarter worth approximately $1,210,000.

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.