Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Reaches New 52-Week High – What’s Next?

Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) reached a new 52-week high during trading on Tuesday . The stock traded as high as $66.93 and last traded at $66.87, with a volume of 18442 shares traded. The stock had previously closed at $66.35.

Fidelity Low Volatility Factor ETF Price Performance

The stock has a market cap of $1.44 billion, a P/E ratio of 24.34 and a beta of 0.80. The stock’s 50-day moving average is $65.80 and its two-hundred day moving average is $63.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC bought a new position in shares of Fidelity Low Volatility Factor ETF in the 2nd quarter valued at about $25,000. MAI Capital Management increased its position in shares of Fidelity Low Volatility Factor ETF by 58.7% during the 3rd quarter. MAI Capital Management now owns 419 shares of the company’s stock valued at $28,000 after purchasing an additional 155 shares during the last quarter. Abound Wealth Management purchased a new position in Fidelity Low Volatility Factor ETF during the second quarter worth $33,000. CWM LLC increased its position in Fidelity Low Volatility Factor ETF by 233.3% during the second quarter. CWM LLC now owns 700 shares of the company’s stock valued at $44,000 after acquiring an additional 490 shares during the last quarter. Finally, Briaud Financial Planning Inc bought a new stake in shares of Fidelity Low Volatility Factor ETF in the 2nd quarter worth about $45,000.

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.