AE Wealth Management LLC Has $5.63 Million Position in Fidelity Low Volatility Factor ETF $FDLO

AE Wealth Management LLC boosted its stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 21.1% during the third quarter, Holdings Channel.com reports. The fund owned 85,450 shares of the company’s stock after acquiring an additional 14,875 shares during the period. AE Wealth Management LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $5,629,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDLO. Bank of America Corp DE grew its holdings in shares of Fidelity Low Volatility Factor ETF by 9.5% during the 2nd quarter. Bank of America Corp DE now owns 443,513 shares of the company’s stock worth $27,853,000 after purchasing an additional 38,622 shares in the last quarter. Campbell Deegan Wealth Management LLC raised its stake in Fidelity Low Volatility Factor ETF by 3.1% in the second quarter. Campbell Deegan Wealth Management LLC now owns 314,733 shares of the company’s stock valued at $19,765,000 after purchasing an additional 9,405 shares in the last quarter. Corient Private Wealth LLC lifted its position in Fidelity Low Volatility Factor ETF by 0.3% during the second quarter. Corient Private Wealth LLC now owns 236,209 shares of the company’s stock worth $14,834,000 after purchasing an additional 682 shares during the period. NewEdge Advisors LLC grew its stake in Fidelity Low Volatility Factor ETF by 49.5% during the second quarter. NewEdge Advisors LLC now owns 176,211 shares of the company’s stock worth $11,066,000 after buying an additional 58,317 shares in the last quarter. Finally, Running Point Capital Advisors LLC grew its stake in Fidelity Low Volatility Factor ETF by 4.9% during the third quarter. Running Point Capital Advisors LLC now owns 174,050 shares of the company’s stock worth $11,465,000 after buying an additional 8,148 shares in the last quarter.

Fidelity Low Volatility Factor ETF Stock Down 0.0%

FDLO stock opened at $68.04 on Friday. The company’s 50-day moving average price is $67.30 and its two-hundred day moving average price is $65.80. The firm has a market cap of $1.48 billion, a P/E ratio of 24.34 and a beta of 0.80. Fidelity Low Volatility Factor ETF has a 12 month low of $53.59 and a 12 month high of $68.30.

Fidelity Low Volatility Factor ETF 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.