Provident Wealth Management LLC Invests $175,000 in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Provident Wealth Management LLC purchased a new position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) during the fourth quarter, Holdings Channel reports. The firm purchased 2,886 shares of the company’s stock, valued at approximately $175,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC lifted its holdings in shares of Fidelity Low Volatility Factor ETF by 15.8% during the 3rd quarter. FMR LLC now owns 9,352,065 shares of the company’s stock worth $573,749,000 after acquiring an additional 1,279,047 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Fidelity Low Volatility Factor ETF during the third quarter worth $16,976,000. Ameritas Advisory Services LLC boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 15.7% in the 3rd quarter. Ameritas Advisory Services LLC now owns 303,471 shares of the company’s stock valued at $18,618,000 after purchasing an additional 41,250 shares in the last quarter. Tempus Wealth Planning LLC bought a new position in shares of Fidelity Low Volatility Factor ETF in the 4th quarter valued at $1,678,000. Finally, Jane Street Group LLC acquired a new position in shares of Fidelity Low Volatility Factor ETF during the 3rd quarter worth $1,514,000.

Fidelity Low Volatility Factor ETF Stock Up 0.3 %

NYSEARCA:FDLO opened at $62.73 on Wednesday. Fidelity Low Volatility Factor ETF has a twelve month low of $53.62 and a twelve month high of $63.32. The stock’s 50-day simple moving average is $61.63 and its 200 day simple moving average is $61.30. The firm has a market capitalization of $1.17 billion, a PE ratio of 26.48 and a beta of 0.69.

About Fidelity Low Volatility Factor ETF

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.