Buttonwood Financial Group LLC Takes $508,000 Position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Buttonwood Financial Group LLC acquired a new position in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,901 shares of the company’s stock, valued at approximately $508,000. Fidelity Low Volatility Factor ETF makes up about 0.3% of Buttonwood Financial Group LLC’s investment portfolio, making the stock its 23rd biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kestra Investment Management LLC purchased a new position in shares of Fidelity Low Volatility Factor ETF during the fourth quarter worth about $76,000. Wells Fargo & Company MN grew its holdings in shares of Fidelity Low Volatility Factor ETF by 1,106.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,738 shares of the company’s stock worth $105,000 after purchasing an additional 1,594 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Fidelity Low Volatility Factor ETF by 11.2% during the fourth quarter. EP Wealth Advisors LLC now owns 1,822 shares of the company’s stock worth $110,000 after purchasing an additional 183 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Fidelity Low Volatility Factor ETF by 2,005.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,148 shares of the company’s stock worth $130,000 after purchasing an additional 2,046 shares in the last quarter. Finally, Provident Wealth Management LLC purchased a new stake in Fidelity Low Volatility Factor ETF in the fourth quarter worth approximately $175,000.

Fidelity Low Volatility Factor ETF Price Performance

Shares of FDLO opened at $61.83 on Friday. The firm has a market cap of $1.21 billion, a P/E ratio of 24.14 and a beta of 0.82. The stock has a 50 day simple moving average of $59.32 and a two-hundred day simple moving average of $60.86. Fidelity Low Volatility Factor ETF has a 1 year low of $53.59 and a 1 year high of $63.32.

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.