Goldman Sachs Group Inc. Increases Stake in Fidelity Low Volatility Factor ETF $FDLO

Goldman Sachs Group Inc. increased its stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 1,088.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,421 shares of the company’s stock after purchasing an additional 68,157 shares during the period. Goldman Sachs Group Inc. owned 0.38% of Fidelity Low Volatility Factor ETF worth $4,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Fidelity Low Volatility Factor ETF by 5,962.0% during the first quarter. GAMMA Investing LLC now owns 11,639 shares of the company’s stock worth $706,000 after buying an additional 11,447 shares during the period. Envestnet Asset Management Inc. raised its stake in Fidelity Low Volatility Factor ETF by 3.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 611,643 shares of the company’s stock worth $37,078,000 after acquiring an additional 19,305 shares during the last quarter. LPL Financial LLC lifted its position in Fidelity Low Volatility Factor ETF by 17.5% during the 1st quarter. LPL Financial LLC now owns 197,160 shares of the company’s stock worth $11,952,000 after acquiring an additional 29,302 shares during the period. Raymond James Financial Inc. grew its stake in Fidelity Low Volatility Factor ETF by 0.6% during the 1st quarter. Raymond James Financial Inc. now owns 102,697 shares of the company’s stock valued at $6,225,000 after purchasing an additional 603 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings in shares of Fidelity Low Volatility Factor ETF by 26.3% in the first quarter. Atria Wealth Solutions Inc. now owns 9,702 shares of the company’s stock valued at $588,000 after purchasing an additional 2,020 shares during the period.

Fidelity Low Volatility Factor ETF Stock Up 0.2%

Shares of NYSEARCA:FDLO opened at $65.77 on Thursday. Fidelity Low Volatility Factor ETF has a 52-week low of $53.59 and a 52-week high of $65.95. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 24.34 and a beta of 0.85. The business has a 50-day moving average price of $64.13 and a 200-day moving average price of $61.67.

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.