Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Trading Down 0.7% – Should You Sell?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s stock price traded down 0.7% on Monday . The company traded as low as $67.65 and last traded at $67.73. 70,283 shares were traded during trading, a decline of 1% from the average daily volume of 70,821 shares. The stock had previously closed at $68.24.

Fidelity Low Volatility Factor ETF Trading Down 0.7%

The stock has a 50-day moving average of $69.01 and a two-hundred day moving average of $67.72. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77.

Institutional Investors Weigh In On Fidelity Low Volatility Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDLO. Campbell Deegan Wealth Management LLC lifted its stake in shares of Fidelity Low Volatility Factor ETF by 3.4% in the 4th quarter. Campbell Deegan Wealth Management LLC now owns 330,360 shares of the company’s stock valued at $22,052,000 after purchasing an additional 10,950 shares during the period. Roxbury Financial LLC increased its holdings in Fidelity Low Volatility Factor ETF by 473.6% in the fourth quarter. Roxbury Financial LLC now owns 14,071 shares of the company’s stock valued at $939,000 after purchasing an additional 11,618 shares during the last quarter. AE Wealth Management LLC lifted its stake in Fidelity Low Volatility Factor ETF by 37.2% in the fourth quarter. AE Wealth Management LLC now owns 117,214 shares of the company’s stock valued at $7,824,000 after buying an additional 31,764 shares during the period. Howard Capital Management Inc. boosted its holdings in Fidelity Low Volatility Factor ETF by 86.9% during the fourth quarter. Howard Capital Management Inc. now owns 233,344 shares of the company’s stock worth $15,576,000 after buying an additional 108,461 shares during the last quarter. Finally, Smart Money Group LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF in the 3rd quarter valued at about $1,023,000.

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.