Mechanics Bank Trust Department Raises Stock Position in Fidelity Low Volatility Factor ETF $FDLO

Mechanics Bank Trust Department grew its stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 11.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,546 shares of the company’s stock after purchasing an additional 9,450 shares during the quarter. Mechanics Bank Trust Department owned about 0.47% of Fidelity Low Volatility Factor ETF worth $6,392,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Sykon Capital LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF during the 4th quarter valued at about $11,713,000. First Trust Advisors LP bought a new position in Fidelity Low Volatility Factor ETF in the first quarter worth about $7,959,000. Howard Capital Management Inc. raised its stake in Fidelity Low Volatility Factor ETF by 86.9% in the fourth quarter. Howard Capital Management Inc. now owns 233,344 shares of the company’s stock worth $15,576,000 after buying an additional 108,461 shares in the last quarter. Royal Bank of Canada lifted its holdings in Fidelity Low Volatility Factor ETF by 189.7% in the fourth quarter. Royal Bank of Canada now owns 155,181 shares of the company’s stock worth $10,358,000 after buying an additional 101,619 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in Fidelity Low Volatility Factor ETF in the third quarter worth about $5,131,000.

Fidelity Low Volatility Factor ETF Stock Performance

Fidelity Low Volatility Factor ETF stock opened at $72.91 on Thursday. The stock’s 50 day simple moving average is $69.78 and its two-hundred day simple moving average is $68.36. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76. Fidelity Low Volatility Factor ETF has a fifty-two week low of $62.92 and a fifty-two week high of $73.61.

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.