Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Hits New 12-Month High – Here’s Why

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s share price hit a new 52-week high on Tuesday . The company traded as high as $70.68 and last traded at $70.68, with a volume of 2793 shares changing hands. The stock had previously closed at $70.00.

Fidelity Low Volatility Factor ETF Price Performance

The stock has a market cap of $1.40 billion, a PE ratio of 24.34 and a beta of 0.77. The stock has a 50-day simple moving average of $69.25 and a 200-day simple moving average of $67.88.

Institutional Trading of Fidelity Low Volatility Factor ETF

A number of institutional investors have recently modified their holdings of the company. Maseco LLP acquired a new stake in Fidelity Low Volatility Factor ETF during the 4th quarter worth approximately $25,000. Allworth Financial LP lifted its position in Fidelity Low Volatility Factor ETF by 460.8% during the third quarter. Allworth Financial LP now owns 415 shares of the company’s stock valued at $27,000 after buying an additional 341 shares in the last quarter. Legacy Wealth Managment LLC ID purchased a new stake in Fidelity Low Volatility Factor ETF during the fourth quarter worth approximately $31,000. Ankerstar Wealth LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the fourth quarter worth approximately $32,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Fidelity Low Volatility Factor ETF in the second quarter worth $40,000.

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.