Brookstone Capital Management Has $539,000 Stake in Fidelity Low Volatility Factor ETF $FDLO

Brookstone Capital Management lifted its position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 10.5% in the second quarter, HoldingsChannel.com reports. The firm owned 8,581 shares of the company’s stock after acquiring an additional 816 shares during the period. Brookstone Capital Management’s holdings in Fidelity Low Volatility Factor ETF were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in Fidelity Low Volatility Factor ETF by 1,088.1% during the first quarter. Goldman Sachs Group Inc. now owns 74,421 shares of the company’s stock worth $4,511,000 after acquiring an additional 68,157 shares in the last quarter. Royal Bank of Canada raised its stake in Fidelity Low Volatility Factor ETF by 104.7% during the first quarter. Royal Bank of Canada now owns 109,915 shares of the company’s stock worth $6,663,000 after acquiring an additional 56,230 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in Fidelity Low Volatility Factor ETF by 282.1% during the first quarter. Foundations Investment Advisors LLC now owns 65,871 shares of the company’s stock worth $3,993,000 after acquiring an additional 48,634 shares in the last quarter. LPL Financial LLC raised its stake in 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 worth $11,952,000 after acquiring an additional 29,302 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in 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 worth $10,181,000 after acquiring an additional 22,653 shares in the last quarter.

Fidelity Low Volatility Factor ETF Price Performance

Fidelity Low Volatility Factor ETF stock opened at $65.97 on Monday. The stock has a fifty day moving average price of $65.32 and a two-hundred day moving average price of $62.79. Fidelity Low Volatility Factor ETF has a 52-week low of $53.59 and a 52-week high of $66.36. The firm has a market capitalization of $1.40 billion, a P/E ratio of 24.34 and a beta of 0.85.

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.