IFP Advisors Inc Has $220,000 Position in Fidelity Low Volatility Factor ETF $FDLO

IFP Advisors Inc grew its stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 14.4% in the second quarter, Holdings Channel reports. The institutional investor owned 3,511 shares of the company’s stock after purchasing an additional 443 shares during the period. IFP Advisors Inc’s holdings in Fidelity Low Volatility Factor ETF were worth $220,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Commonwealth Equity Services LLC raised its position in shares of Fidelity Low Volatility Factor ETF by 1.0% during the first quarter. Commonwealth Equity Services LLC now owns 755,697 shares of the company’s stock valued at $45,810,000 after buying an additional 7,293 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Fidelity Low Volatility Factor ETF by 3.3% during the first quarter. Envestnet Asset Management Inc. now owns 611,643 shares of the company’s stock valued at $37,078,000 after buying an additional 19,305 shares during the last quarter. LPL Financial LLC raised its position in shares of Fidelity Low Volatility Factor ETF by 17.5% during the first quarter. LPL Financial LLC now owns 197,160 shares of the company’s stock valued at $11,952,000 after buying an additional 29,302 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Fidelity Low Volatility Factor ETF by 15.6% during the first quarter. Cetera Investment Advisers now owns 167,954 shares of the company’s stock valued at $10,181,000 after buying an additional 22,653 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Fidelity Low Volatility Factor ETF by 15.0% during the first quarter. NewEdge Advisors LLC now owns 117,894 shares of the company’s stock valued at $7,147,000 after buying an additional 15,368 shares during the last quarter.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of FDLO opened at $65.26 on Friday. The company has a 50-day simple moving average of $65.15 and a 200-day simple moving average of $62.39. The firm has a market capitalization of $1.38 billion, a P/E ratio of 24.34 and a beta of 0.85. Fidelity Low Volatility Factor ETF has a 52 week low of $53.59 and a 52 week high of $66.36.

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.