Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) fell 0.7% on Monday . The stock traded as low as $67.65 and last traded at $67.73. Approximately 70,283 shares were traded during mid-day trading, a decline of 1% from the average session volume of 70,821 shares. The stock had previously closed at $68.24.
Fidelity Low Volatility Factor ETF Trading Up 0.1%
The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77. The firm has a fifty day simple moving average of $69.03 and a 200-day simple moving average of $67.72.
Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF
Several large investors have recently made changes to their positions in FDLO. Royal Bank of Canada boosted its holdings in Fidelity Low Volatility Factor ETF by 104.7% in the first quarter. Royal Bank of Canada now owns 109,915 shares of the company’s stock valued at $6,663,000 after acquiring an additional 56,230 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings 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 purchasing an additional 68,157 shares during the last quarter. Empowered Funds LLC acquired a new position in Fidelity Low Volatility Factor ETF during the 1st quarter valued at about $523,000. Jane Street Group LLC acquired a new position in Fidelity Low Volatility Factor ETF during the 1st quarter valued at about $869,000. Finally, Darwin Wealth Management LLC acquired a new position in Fidelity Low Volatility Factor ETF during the 2nd quarter valued at about $193,000.
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.
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