Royal Bank of Canada Decreases Holdings in Fidelity Low Volatility Factor ETF $FDLO

Royal Bank of Canada trimmed its position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 23.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,595 shares of the company’s stock after selling 36,586 shares during the period. Royal Bank of Canada owned approximately 0.58% of Fidelity Low Volatility Factor ETF worth $7,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FDLO. AE Wealth Management LLC boosted its position in shares of Fidelity Low Volatility Factor ETF by 37.2% in the 4th quarter. AE Wealth Management LLC now owns 117,214 shares of the company’s stock worth $7,824,000 after purchasing an additional 31,764 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in Fidelity Low Volatility Factor ETF by 92.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 25,384 shares of the company’s stock valued at $1,694,000 after buying an additional 12,163 shares in the last quarter. Hershey Financial Advisers LLC acquired a new position in Fidelity Low Volatility Factor ETF during the 1st quarter valued at about $1,210,000. Cetera Investment Advisers raised its stake in Fidelity Low Volatility Factor ETF by 6.4% in the first quarter. Cetera Investment Advisers now owns 256,501 shares of the company’s stock valued at $16,567,000 after buying an additional 15,335 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in Fidelity Low Volatility Factor ETF in the first quarter valued at about $7,959,000.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of NYSEARCA FDLO opened at $73.64 on Tuesday. The company has a market cap of $1.47 billion, a PE ratio of 24.34 and a beta of 0.76. The business has a 50-day simple moving average of $69.97 and a two-hundred day simple moving average of $68.49. Fidelity Low Volatility Factor ETF has a fifty-two week low of $63.36 and a fifty-two week high of $73.64.

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.