AE Wealth Management LLC Boosts Holdings in Fidelity Low Volatility Factor ETF $FDLO

AE Wealth Management LLC raised its holdings in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 37.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,214 shares of the company’s stock after buying an additional 31,764 shares during the quarter. AE Wealth Management LLC owned approximately 0.54% of Fidelity Low Volatility Factor ETF worth $7,824,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of Fidelity Low Volatility Factor ETF by 8.5% during the 3rd quarter. Bank of America Corp DE now owns 481,167 shares of the company’s stock worth $31,694,000 after purchasing an additional 37,654 shares during the period. Campbell Deegan Wealth Management LLC grew its holdings in shares of Fidelity Low Volatility Factor ETF by 3.4% during the 4th quarter. Campbell Deegan Wealth Management LLC now owns 330,360 shares of the company’s stock worth $22,052,000 after purchasing an additional 10,950 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Fidelity Low Volatility Factor ETF by 0.3% during the 2nd quarter. Corient Private Wealth LLC now owns 236,209 shares of the company’s stock worth $14,834,000 after purchasing an additional 682 shares during the period. Howard Capital Management Inc. grew its holdings in shares of Fidelity Low Volatility Factor ETF by 86.9% during the 4th quarter. Howard Capital Management Inc. now owns 233,344 shares of the company’s stock worth $15,576,000 after purchasing an additional 108,461 shares during the period. Finally, Running Point Capital Advisors LLC grew its holdings in shares of Fidelity Low Volatility Factor ETF by 4.9% during the 3rd quarter. Running Point Capital Advisors LLC now owns 174,050 shares of the company’s stock worth $11,465,000 after purchasing an additional 8,148 shares during the period.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of NYSEARCA:FDLO opened at $68.63 on Friday. The stock has a 50-day simple moving average of $66.70 and a 200-day simple moving average of $66.72. The stock has a market capitalization of $1.42 billion, a P/E ratio of 24.34 and a beta of 0.79. Fidelity Low Volatility Factor ETF has a 1 year low of $55.78 and a 1 year high of $68.80.

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.