Running Point Capital Advisors LLC Increases Position in Fidelity Low Volatility Factor ETF $FDLO

Running Point Capital Advisors LLC raised its stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,050 shares of the company’s stock after purchasing an additional 8,148 shares during the period. Fidelity Low Volatility Factor ETF accounts for approximately 3.1% of Running Point Capital Advisors LLC’s holdings, making the stock its 8th biggest position. Running Point Capital Advisors LLC owned 0.82% of Fidelity Low Volatility Factor ETF worth $11,465,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC bought a new position in Fidelity Low Volatility Factor ETF in the 2nd quarter valued at $25,000. Abound Wealth Management bought a new position in shares of Fidelity Low Volatility Factor ETF in the second quarter worth about $33,000. CWM LLC increased its stake in Fidelity Low Volatility Factor ETF by 233.3% in the 2nd quarter. CWM LLC now owns 700 shares of the company’s stock worth $44,000 after buying an additional 490 shares during the period. Briaud Financial Planning Inc bought a new stake in Fidelity Low Volatility Factor ETF during the 2nd quarter valued at about $45,000. Finally, MTM Investment Management LLC purchased a new stake in Fidelity Low Volatility Factor ETF in the 2nd quarter valued at about $58,000.

Fidelity Low Volatility Factor ETF Price Performance

Shares of FDLO stock opened at $67.68 on Friday. The company has a market capitalization of $1.48 billion, a P/E ratio of 24.34 and a beta of 0.80. The company’s 50-day simple moving average is $66.89 and its two-hundred day simple moving average is $65.43. Fidelity Low Volatility Factor ETF has a one year low of $53.59 and a one year high of $68.03.

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.