Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sets New 1-Year High – Still a Buy?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) shares hit a new 52-week high on Thursday . The company traded as high as $62.28 and last traded at $62.20, with a volume of 72436 shares trading hands. The stock had previously closed at $61.92.

Fidelity Low Volatility Factor ETF Stock Up 0.5 %

The business’s 50-day simple moving average is $60.90 and its two-hundred day simple moving average is $58.35. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 26.48 and a beta of 0.69.

Institutional Trading of Fidelity Low Volatility Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its position in Fidelity Low Volatility Factor ETF by 6.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 9,763 shares of the company’s stock valued at $548,000 after acquiring an additional 576 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in Fidelity Low Volatility Factor ETF by 7.7% during the 1st quarter. Kestra Advisory Services LLC now owns 315,684 shares of the company’s stock worth $17,735,000 after buying an additional 22,625 shares in the last quarter. Jane Street Group LLC lifted its holdings in Fidelity Low Volatility Factor ETF by 45.5% during the 1st quarter. Jane Street Group LLC now owns 78,575 shares of the company’s stock worth $4,414,000 after buying an additional 24,559 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Fidelity Low Volatility Factor ETF by 145.4% in the first quarter. Cetera Investment Advisers now owns 115,377 shares of the company’s stock worth $6,482,000 after acquiring an additional 68,363 shares in the last quarter. Finally, Cetera Advisors LLC increased its position in shares of Fidelity Low Volatility Factor ETF by 10.5% during the first quarter. Cetera Advisors LLC now owns 7,221 shares of the company’s stock worth $406,000 after acquiring an additional 689 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.