Osaic Holdings Inc. Cuts Holdings in Fidelity Low Volatility Factor ETF $FDLO

Osaic Holdings Inc. decreased its stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 22.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,808 shares of the company’s stock after selling 34,554 shares during the period. Osaic Holdings Inc. owned about 0.61% of Fidelity Low Volatility Factor ETF worth $7,466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new position in Fidelity Low Volatility Factor ETF in the second quarter worth $25,000. Abound Wealth Management bought a new stake in Fidelity Low Volatility Factor ETF during the second quarter worth about $33,000. CWM LLC boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 233.3% in the 2nd quarter. CWM LLC now owns 700 shares of the company’s stock worth $44,000 after purchasing an additional 490 shares in the last quarter. Briaud Financial Planning Inc bought a new position in shares of Fidelity Low Volatility Factor ETF during the 2nd quarter valued at about $45,000. Finally, MTM Investment Management LLC purchased a new position in shares of Fidelity Low Volatility Factor ETF during the 2nd quarter valued at about $58,000.

Fidelity Low Volatility Factor ETF Price Performance

NYSEARCA:FDLO opened at $66.53 on Monday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 24.34 and a beta of 0.80. The business has a 50 day moving average of $66.27 and a 200 day moving average of $64.73. Fidelity Low Volatility Factor ETF has a 1-year low of $53.59 and a 1-year high of $67.93.

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.