Kestra Private Wealth Services LLC Reduces Stock Position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Kestra Private Wealth Services LLC decreased its stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,981 shares of the company’s stock after selling 299 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Birchcreek Wealth Management LLC purchased a new position in shares of Fidelity Low Volatility Factor ETF during the 4th quarter worth $232,000. VitalStone Financial LLC purchased a new position in Fidelity Low Volatility Factor ETF during the third quarter worth about $248,000. Destiny Wealth Partners LLC acquired a new position in Fidelity Low Volatility Factor ETF in the 4th quarter valued at about $272,000. Kingswood Wealth Advisors LLC acquired a new position in Fidelity Low Volatility Factor ETF in the fourth quarter valued at approximately $361,000. Finally, Avantax Advisory Services Inc. lifted its stake in shares of Fidelity Low Volatility Factor ETF by 8.5% in the 3rd quarter. Avantax Advisory Services Inc. now owns 8,672 shares of the company’s stock valued at $422,000 after purchasing an additional 683 shares during the last quarter.

Fidelity Low Volatility Factor ETF Trading Down 0.1 %

FDLO opened at $55.43 on Thursday. The stock’s 50-day moving average price is $55.08 and its 200 day moving average price is $53.42. Fidelity Low Volatility Factor ETF has a 12-month low of $47.41 and a 12-month high of $56.27. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 26.48 and a beta of 0.69.

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.