Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sets New 1-Year High – What’s Next?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $67.94 and last traded at $67.8440, with a volume of 37578 shares traded. The stock had previously closed at $67.44.

Fidelity Low Volatility Factor ETF Price Performance

The stock’s 50 day simple moving average is $66.67 and its two-hundred day simple moving average is $65.22. The stock has a market capitalization of $1.50 billion, a PE ratio of 24.34 and a beta of 0.80.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF in the second quarter valued at $25,000. Allworth Financial LP raised its stake in Fidelity Low Volatility Factor ETF by 460.8% in the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock valued at $27,000 after acquiring an additional 341 shares during the period. MAI Capital Management raised its stake in Fidelity Low Volatility Factor ETF by 58.7% in the 3rd quarter. MAI Capital Management now owns 419 shares of the company’s stock valued at $28,000 after acquiring an additional 155 shares during the period. Abound Wealth Management purchased a new stake in Fidelity Low Volatility Factor ETF during the second quarter valued at about $33,000. Finally, Parallel Advisors LLC bought a new position in Fidelity Low Volatility Factor ETF during the third 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.