Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Hits New 1-Year High – Here’s Why

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $72.55 and last traded at $72.51, with a volume of 8678 shares changing hands. The stock had previously closed at $71.78.

Fidelity Low Volatility Factor ETF Price Performance

The company has a market cap of $1.44 billion, a PE ratio of 24.34 and a beta of 0.77. The stock has a fifty day moving average price of $69.63 and a 200-day moving average price of $68.26.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. increased its holdings in shares of Fidelity Low Volatility Factor ETF by 1.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 9,586 shares of the company’s stock valued at $640,000 after purchasing an additional 147 shares during the period. Equitable Holdings Inc. boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 3.7% during the fourth quarter. Equitable Holdings Inc. now owns 4,239 shares of the company’s stock worth $283,000 after purchasing an additional 151 shares during the period. Smart Money Group LLC grew its position in Fidelity Low Volatility Factor ETF by 1.1% during the fourth quarter. Smart Money Group LLC now owns 15,713 shares of the company’s stock valued at $1,049,000 after purchasing an additional 175 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Fidelity Low Volatility Factor ETF by 2.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,310 shares of the company’s stock valued at $488,000 after purchasing an additional 180 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Low Volatility Factor ETF by 1.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,553 shares of the company’s stock valued at $1,572,000 after buying an additional 229 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.