NewEdge Advisors LLC Sells 9,572 Shares of Fidelity Low Volatility Factor ETF $FDLO

NewEdge Advisors LLC decreased its holdings in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 7.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,064 shares of the company’s stock after selling 9,572 shares during the period. NewEdge Advisors LLC owned about 0.57% of Fidelity Low Volatility Factor ETF worth $7,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Security Financial Services INC. lifted its stake in Fidelity Low Volatility Factor ETF by 8.9% in the 1st quarter. Security Financial Services INC. now owns 14,101 shares of the company’s stock worth $911,000 after purchasing an additional 1,158 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Fidelity Low Volatility Factor ETF by 6.4% in the first quarter. Cetera Investment Advisers now owns 256,501 shares of the company’s stock valued at $16,567,000 after purchasing an additional 15,335 shares in the last quarter. First Trust Advisors LP bought a new stake in Fidelity Low Volatility Factor ETF in the first quarter worth $7,959,000. Hershey Financial Advisers LLC bought a new position in Fidelity Low Volatility Factor ETF during the first quarter valued at $1,210,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Fidelity Low Volatility Factor ETF by 9.0% in the 1st quarter. Bank of New York Mellon Corp now owns 6,861 shares of the company’s stock worth $443,000 after buying an additional 564 shares during the last quarter.

Fidelity Low Volatility Factor ETF Price Performance

NYSEARCA:FDLO opened at $73.64 on Tuesday. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76. The business has a 50 day simple moving average of $69.97 and a 200-day simple moving average of $68.49. Fidelity Low Volatility Factor ETF has a 1 year low of $63.36 and a 1 year high of $73.64.

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.