Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Reaches New 12-Month High – Should You Buy?

Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) hit a new 52-week high during trading on Wednesday. The company traded as high as $74.17 and last traded at $74.1710, with a volume of 54,690 shares trading hands. The stock had previously closed at $74.12.

Fidelity Low Volatility Factor ETF Stock Up 0.1%

The business has a fifty day moving average of $72.27 and a 200 day moving average of $70.38. The firm has a market cap of $1.49 billion, a P/E ratio of 24.34 and a beta of 0.76.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

A number of hedge funds have recently bought and sold shares of FDLO. CoreCap Advisors LLC acquired a new stake in shares of Fidelity Low Volatility Factor ETF in the second quarter valued at approximately $40,000. Fifth Third Bancorp grew its position in Fidelity Low Volatility Factor ETF by 149.2% during the first quarter. Fifth Third Bancorp now owns 658 shares of the company’s stock worth $42,000 after buying an additional 394 shares in the last quarter. IFP Advisors Inc grew its position in Fidelity Low Volatility Factor ETF by 4.3% during the second quarter. IFP Advisors Inc now owns 3,434 shares of the company’s stock worth $235,000 after buying an additional 143 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Fidelity Low Volatility Factor ETF during the third quarter worth approximately $253,000. Finally, World Investment Advisors acquired a new stake in Fidelity Low Volatility Factor ETF during the fourth quarter worth approximately $306,000.

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.