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

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s stock price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $74.43 and last traded at $74.39, with a volume of 15,445 shares. The stock had previously closed at $74.23.

Fidelity Low Volatility Factor ETF Stock Up 0.2%

The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76. The firm’s 50 day moving average is $72.42 and its 200 day moving average is $69.55.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in Fidelity Low Volatility Factor ETF by 4.3% in the second quarter. IFP Advisors Inc now owns 3,434 shares of the company’s stock worth $235,000 after buying an additional 143 shares during the last quarter. Fifth Third Bancorp grew its holdings in Fidelity Low Volatility Factor ETF by 149.2% in the 1st quarter. Fifth Third Bancorp now owns 658 shares of the company’s stock valued at $42,000 after buying an additional 394 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Fidelity Low Volatility Factor ETF by 2.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,281 shares of the company’s stock worth $1,044,000 after buying an additional 402 shares during the last quarter. Roxbury Financial LLC boosted its position in shares of Fidelity Low Volatility Factor ETF by 3.3% in the second quarter. Roxbury Financial LLC now owns 15,230 shares of the company’s stock valued at $1,041,000 after acquiring an additional 493 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Fidelity Low Volatility Factor ETF by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 6,861 shares of the company’s stock worth $443,000 after acquiring an additional 564 shares during the last quarter.

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.