Envestnet Asset Management Inc. Reduces Stock Holdings in Fidelity Low Volatility Factor ETF $FDLO

Envestnet Asset Management Inc. decreased its position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 10.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 499,357 shares of the company’s stock after selling 55,735 shares during the quarter. Envestnet Asset Management Inc. owned 2.33% of Fidelity Low Volatility Factor ETF worth $32,893,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Nvwm LLC boosted its holdings in Fidelity Low Volatility Factor ETF by 5.9% in the second quarter. Nvwm LLC now owns 19,688 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,104 shares during the last quarter. Security Financial Services INC. acquired a new position in shares of Fidelity Low Volatility Factor ETF in the 2nd quarter valued at approximately $691,000. Cetera Investment Advisers boosted its stake in shares of Fidelity Low Volatility Factor ETF by 2.6% during the 2nd quarter. Cetera Investment Advisers now owns 172,247 shares of the company’s stock valued at $10,817,000 after buying an additional 4,293 shares during the last quarter. Howard Capital Management Inc. grew its position in shares of Fidelity Low Volatility Factor ETF by 54.5% during the third quarter. Howard Capital Management Inc. now owns 124,883 shares of the company’s stock worth $8,226,000 after buying an additional 44,045 shares in the last quarter. Finally, Savvy Advisors Inc. bought a new stake in shares of Fidelity Low Volatility Factor ETF in the second quarter worth $209,000.

Fidelity Low Volatility Factor ETF Price Performance

FDLO opened at $68.36 on Thursday. Fidelity Low Volatility Factor ETF has a 12-month low of $53.59 and a 12-month high of $68.71. The stock has a market capitalization of $1.48 billion, a PE ratio of 24.34 and a beta of 0.80. The firm’s fifty day moving average price is $67.47 and its 200 day moving average price is $66.07.

Fidelity Low Volatility Factor ETF Company 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.