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

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $70.68 and last traded at $70.68, with a volume of 2793 shares changing hands. The stock had previously closed at $70.00.

Fidelity Low Volatility Factor ETF Trading Up 0.8%

The stock has a market capitalization of $1.42 billion, a PE ratio of 24.34 and a beta of 0.77. The company’s 50 day simple moving average is $69.16 and its 200 day simple moving average is $67.83.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Institutional investors have recently added to or reduced their stakes in the business. Campbell Deegan Wealth Management LLC increased its stake in shares of Fidelity Low Volatility Factor ETF by 3.4% during the 4th quarter. Campbell Deegan Wealth Management LLC now owns 330,360 shares of the company’s stock valued at $22,052,000 after acquiring an additional 10,950 shares during the last quarter. Roxbury Financial LLC grew its holdings in Fidelity Low Volatility Factor ETF by 473.6% in the fourth quarter. Roxbury Financial LLC now owns 14,071 shares of the company’s stock valued at $939,000 after purchasing an additional 11,618 shares during the period. AE Wealth Management LLC increased its position 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 purchasing an additional 31,764 shares during the last quarter. Howard Capital Management Inc. raised its stake in Fidelity Low Volatility Factor ETF by 86.9% during the fourth quarter. Howard Capital Management Inc. now owns 233,344 shares of the company’s stock worth $15,576,000 after purchasing an additional 108,461 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in Fidelity Low Volatility Factor ETF by 92.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 25,384 shares of the company’s stock worth $1,694,000 after purchasing an additional 12,163 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.