Cerity Partners LLC Cuts Stock Holdings in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Cerity Partners LLC lowered its position in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,780 shares of the company’s stock after selling 614 shares during the period. Cerity Partners LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its position in Fidelity Low Volatility Factor ETF by 10.0% in the 4th quarter. FMR LLC now owns 10,286,431 shares of the company’s stock worth $623,255,000 after purchasing an additional 934,366 shares during the period. Raymond James Financial Inc. purchased a new stake in Fidelity Low Volatility Factor ETF during the fourth quarter valued at $6,186,000. Envestnet Asset Management Inc. lifted its holdings in Fidelity Low Volatility Factor ETF by 6.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 592,338 shares of the company’s stock valued at $35,890,000 after acquiring an additional 37,741 shares during the period. Tempus Wealth Planning LLC purchased a new position in Fidelity Low Volatility Factor ETF in the fourth quarter worth about $1,678,000. Finally, Jane Street Group LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF during the 3rd quarter valued at about $1,514,000.

Fidelity Low Volatility Factor ETF Stock Up 0.8 %

Shares of NYSEARCA:FDLO opened at $58.59 on Friday. The stock has a market capitalization of $1.29 billion, a PE ratio of 22.87 and a beta of 0.82. The firm’s 50 day moving average price is $59.85 and its 200-day moving average price is $61.08. Fidelity Low Volatility Factor ETF has a twelve month low of $53.59 and a twelve month high of $63.32.

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.