89,219 Shares of Fidelity Low Volatility Factor ETF $FDLO Bought by Mechanics Bank Trust Department

Mechanics Bank Trust Department acquired a new position in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 89,219 shares of the company’s stock, valued at approximately $6,304,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in Fidelity Low Volatility Factor ETF by 1.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 534,296 shares of the company’s stock valued at $36,511,000 after purchasing an additional 9,779 shares during the period. Ameritas Advisory Services LLC raised its holdings in Fidelity Low Volatility Factor ETF by 138.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 254,114 shares of the company’s stock worth $17,365,000 after purchasing an additional 147,473 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Fidelity Low Volatility Factor ETF by 6.4% in the 1st quarter. Cetera Investment Advisers now owns 256,501 shares of the company’s stock worth $16,567,000 after purchasing an additional 15,335 shares during the period. Corient Private Wealth LP lifted its position in shares of Fidelity Low Volatility Factor ETF by 1,667.4% in the 2nd quarter. Corient Private Wealth LP now owns 186,302 shares of the company’s stock worth $12,731,000 after purchasing an additional 175,761 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of Fidelity Low Volatility Factor ETF by 6.2% in the 2nd quarter. NewEdge Advisors LLC now owns 123,304 shares of the company’s stock valued at $8,426,000 after purchasing an additional 7,240 shares during the last quarter.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of NYSEARCA:FDLO traded up $0.09 during trading on Tuesday, reaching $73.17. The stock had a trading volume of 106,414 shares, compared to its average volume of 64,562. Fidelity Low Volatility Factor ETF has a 52 week low of $63.36 and a 52 week high of $73.64. The firm’s fifty day moving average is $72.24 and its 200 day moving average is $69.98. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76.

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.