Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Hits New 52-Week High – Time to Buy?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $69.74 and last traded at $69.73, with a volume of 18233 shares changing hands. The stock had previously closed at $69.27.

Fidelity Low Volatility Factor ETF Trading Up 0.6%

The firm’s fifty day moving average price is $66.97 and its 200 day moving average price is $67.11. The firm has a market capitalization of $1.43 billion, a PE ratio of 24.34 and a beta of 0.77.

Institutional Trading of Fidelity Low Volatility Factor ETF

A number of institutional investors have recently added to or reduced their stakes in FDLO. Maseco LLP bought a new stake in Fidelity Low Volatility Factor ETF in the fourth quarter worth $25,000. Allworth Financial LP boosted its holdings in Fidelity Low Volatility Factor ETF by 460.8% in the third quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after purchasing an additional 341 shares in the last quarter. MAI Capital Management boosted its holdings in Fidelity Low Volatility Factor ETF by 58.7% in the third quarter. MAI Capital Management now owns 419 shares of the company’s stock worth $28,000 after purchasing an additional 155 shares in the last quarter. Legacy Wealth Managment LLC ID bought a new stake in Fidelity Low Volatility Factor ETF in the fourth quarter worth $31,000. Finally, Ankerstar Wealth LLC bought a new stake in Fidelity Low Volatility Factor ETF in the fourth quarter worth $32,000.

Fidelity Low Volatility Factor ETF Company Profile

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.