Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 122,081 shares traded hands during mid-day trading, an increase of 86% from the previous session’s volume of 65,515 shares.The stock last traded at $65.31 and had previously closed at $64.36.
Fidelity Low Volatility Factor ETF Price Performance
The business has a 50 day moving average of $67.42 and a 200 day moving average of $66.69. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 24.34 and a beta of 0.80.
Institutional Trading of Fidelity Low Volatility Factor ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its stake in Fidelity Low Volatility Factor ETF by 92.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 25,384 shares of the company’s stock worth $1,694,000 after acquiring an additional 12,163 shares during the last quarter. World Investment Advisors bought a new stake in Fidelity Low Volatility Factor ETF in the fourth quarter valued at approximately $306,000. Axxcess Wealth Management LLC bought a new stake in Fidelity Low Volatility Factor ETF in the fourth quarter valued at approximately $206,000. Mercer Global Advisors Inc. ADV raised its holdings in Fidelity Low Volatility Factor ETF by 2.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,310 shares of the company’s stock worth $488,000 after purchasing an additional 180 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Fidelity Low Volatility Factor ETF by 19.4% in the fourth quarter. Cetera Investment Advisers now owns 241,166 shares of the company’s stock worth $16,098,000 after purchasing an additional 39,160 shares during the period.
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.
Further Reading
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