Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Shares Acquired by Mechanics Bank Trust Department

Mechanics Bank Trust Department raised its holdings in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 9.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,304 shares of the company’s stock after buying an additional 4,819 shares during the period. Mechanics Bank Trust Department owned about 0.29% of Fidelity Low Volatility Factor ETF worth $3,040,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Voisard Asset Management Group Inc. purchased a new stake in Fidelity Low Volatility Factor ETF in the 4th quarter worth approximately $26,000. Clarity Asset Management Inc. purchased a new position in Fidelity Low Volatility Factor ETF in the fourth quarter valued at about $115,000. GDS Wealth Management acquired a new position in Fidelity Low Volatility Factor ETF in the 4th quarter worth about $209,000. Birchcreek Wealth Management LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the 4th quarter worth about $232,000. Finally, Valley Financial Group Inc. purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the 4th quarter worth about $295,000.

Fidelity Low Volatility Factor ETF Price Performance

NYSEARCA:FDLO traded up $0.20 during trading hours on Friday, reaching $57.62. The company’s stock had a trading volume of 124,549 shares, compared to its average volume of 115,311. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 26.48 and a beta of 0.69. Fidelity Low Volatility Factor ETF has a one year low of $47.41 and a one year high of $59.13. The business’s 50-day moving average is $57.40 and its 200-day moving average is $55.93.

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.