GFG Capital LLC Sells 6,925 Shares of Fidelity Low Volatility Factor ETF $FDLO

GFG Capital LLC lessened its position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 6.9% in the 3rd quarter, Holdings Channel reports. The fund owned 93,746 shares of the company’s stock after selling 6,925 shares during the period. Fidelity Low Volatility Factor ETF makes up approximately 1.6% of GFG Capital LLC’s investment portfolio, making the stock its 21st biggest holding. GFG Capital LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $6,624,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mechanics Bank Trust Department acquired a new stake in Fidelity Low Volatility Factor ETF during the 3rd quarter valued at $6,304,000. City Center Advisors LLC boosted its position in shares of Fidelity Low Volatility Factor ETF by 45.9% in the third quarter. City Center Advisors LLC now owns 9,083 shares of the company’s stock worth $642,000 after buying an additional 2,859 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Fidelity Low Volatility Factor ETF by 2.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,281 shares of the company’s stock valued at $1,044,000 after buying an additional 402 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity Low Volatility Factor ETF by 1.9% during the second quarter. Envestnet Asset Management Inc. now owns 534,296 shares of the company’s stock valued at $36,511,000 after buying an additional 9,779 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Fidelity Low Volatility Factor ETF by 6.2% during the second quarter. NewEdge Advisors LLC now owns 123,304 shares of the company’s stock valued at $8,426,000 after buying an additional 7,240 shares in the last quarter.

Fidelity Low Volatility Factor ETF Stock Performance

NYSEARCA:FDLO traded down $0.16 during trading hours on Friday, hitting $73.57. 109,904 shares of the company’s stock traded hands, compared to its average volume of 64,899. The firm has a market cap of $1.48 billion, a P/E ratio of 24.34 and a beta of 0.76. Fidelity Low Volatility Factor ETF has a twelve month low of $63.36 and a twelve month high of $74.16. The stock’s fifty day moving average price is $72.25 and its two-hundred day moving average price is $70.20.

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.