Smart Money Group LLC acquired a new position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,538 shares of the company’s stock, valued at approximately $1,023,000. Smart Money Group LLC owned approximately 0.07% of Fidelity Low Volatility Factor ETF at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Fidelity Low Volatility Factor ETF by 104.7% during the first quarter. Royal Bank of Canada now owns 109,915 shares of the company’s stock valued at $6,663,000 after buying an additional 56,230 shares during the period. Goldman Sachs Group Inc. boosted its position 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 valued at $4,511,000 after acquiring an additional 68,157 shares in the last quarter. Empowered Funds LLC bought a new stake in Fidelity Low Volatility Factor ETF during the 1st quarter valued at approximately $523,000. Jane Street Group LLC purchased a new position in shares of Fidelity Low Volatility Factor ETF during the 1st quarter worth approximately $869,000. Finally, CWM LLC raised its position in shares of Fidelity Low Volatility Factor ETF by 233.3% in the 2nd quarter. CWM LLC now owns 700 shares of the company’s stock worth $44,000 after acquiring an additional 490 shares in the last quarter.
Fidelity Low Volatility Factor ETF Stock Up 0.5%
FDLO opened at $68.44 on Monday. Fidelity Low Volatility Factor ETF has a 52 week low of $53.59 and a 52 week high of $68.71. The stock has a market cap of $1.49 billion, a PE ratio of 24.34 and a beta of 0.80. The business has a 50 day moving average of $67.70 and a 200-day moving average of $66.47.
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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