Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Reaches New 12-Month High – Still a Buy?

Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) hit a new 52-week high on Monday . The stock traded as high as $68.04 and last traded at $68.0290, with a volume of 11516 shares. The stock had previously closed at $67.50.

Fidelity Low Volatility Factor ETF Stock Up 0.9%

The company has a market cap of $1.49 billion, a PE ratio of 24.34 and a beta of 0.80. The stock’s 50 day simple moving average is $67.03 and its two-hundred day simple moving average is $65.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FDLO. AE Wealth Management LLC grew its stake in Fidelity Low Volatility Factor ETF by 37.2% during the fourth quarter. AE Wealth Management LLC now owns 117,214 shares of the company’s stock worth $7,824,000 after buying an additional 31,764 shares during the period. CWM LLC lifted its holdings in shares of Fidelity Low Volatility Factor ETF by 627.1% during the 4th quarter. CWM LLC now owns 5,693 shares of the company’s stock valued at $380,000 after acquiring an additional 4,910 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Fidelity Low Volatility Factor ETF by 30.6% during the 4th quarter. Farther Finance Advisors LLC now owns 5,900 shares of the company’s stock worth $394,000 after purchasing an additional 1,381 shares during the period. Howard Capital Management Inc. increased its holdings in Fidelity Low Volatility Factor ETF by 86.9% in the 4th quarter. Howard Capital Management Inc. now owns 233,344 shares of the company’s stock valued at $15,576,000 after purchasing an additional 108,461 shares in the last quarter. Finally, Campbell Deegan Wealth Management LLC raised its position in Fidelity Low Volatility Factor ETF by 3.4% in the fourth 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.

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.