Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sets New 52-Week High – Here’s What Happened

Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) reached a new 52-week high during trading on Friday . The company traded as high as $67.94 and last traded at $67.8440, with a volume of 37578 shares. The stock had previously closed at $67.44.

Fidelity Low Volatility Factor ETF Price Performance

The stock has a market cap of $1.49 billion, a PE ratio of 24.34 and a beta of 0.80. The stock has a 50-day simple moving average of $66.71 and a 200-day simple moving average of $65.29.

Institutional Trading of Fidelity Low Volatility Factor ETF

Large investors have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new position in shares of Fidelity Low Volatility Factor ETF in the second quarter valued at $25,000. Allworth Financial LP increased its stake in shares of Fidelity Low Volatility Factor ETF by 460.8% during the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after purchasing an additional 341 shares during the last quarter. MAI Capital Management raised its holdings in shares of Fidelity Low Volatility Factor ETF by 58.7% during the 3rd quarter. MAI Capital Management now owns 419 shares of the company’s stock valued at $28,000 after purchasing an additional 155 shares in the last quarter. Abound Wealth Management bought a new position in shares of Fidelity Low Volatility Factor ETF during the 2nd quarter valued at $33,000. Finally, CWM LLC lifted its stake 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 valued at $44,000 after purchasing an additional 490 shares during the last quarter.

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.