Commonwealth Equity Services LLC Makes New $49.12 Million Investment in Fidelity Low Volatility Factor ETF $FDLO

Commonwealth Equity Services LLC acquired a new stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 695,097 shares of the company’s stock, valued at approximately $49,116,000.

Several other institutional investors also recently made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in shares of Fidelity Low Volatility Factor ETF by 6.2% during the 2nd quarter. NewEdge Advisors LLC now owns 123,304 shares of the company’s stock worth $8,426,000 after buying an additional 7,240 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Fidelity Low Volatility Factor ETF by 1.9% in the second quarter. Envestnet Asset Management Inc. now owns 534,296 shares of the company’s stock valued at $36,511,000 after acquiring an additional 9,779 shares during the last quarter. Mechanics Bank Trust Department boosted its holdings in Fidelity Low Volatility Factor ETF by 11.2% in the second quarter. Mechanics Bank Trust Department now owns 93,546 shares of the company’s stock valued at $6,392,000 after acquiring an additional 9,450 shares during the last quarter. Corient Private Wealth LP boosted its holdings in Fidelity Low Volatility Factor ETF by 1,667.4% in the second quarter. Corient Private Wealth LP now owns 186,302 shares of the company’s stock valued at $12,731,000 after acquiring an additional 175,761 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its holdings in Fidelity Low Volatility Factor ETF by 138.3% in the second quarter. Ameritas Advisory Services LLC now owns 254,114 shares of the company’s stock valued at $17,365,000 after acquiring an additional 147,473 shares during the last quarter.

Fidelity Low Volatility Factor ETF Trading Down 0.6%

FDLO stock opened at $73.89 on Friday. The stock has a 50-day moving average price of $72.72 and a two-hundred day moving average price of $69.84. Fidelity Low Volatility Factor ETF has a 12-month low of $63.36 and a 12-month high of $76.69. The company has a market cap of $1.52 billion, a PE ratio of 24.34 and a beta of 0.74.

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.