Nvwm LLC bought a new stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor bought 18,229 shares of the company’s stock, valued at approximately $1,104,000.
Several other hedge funds have also made changes to their positions in the business. FMR LLC raised its stake in shares of Fidelity Low Volatility Factor ETF by 15.8% during the 3rd quarter. FMR LLC now owns 9,352,065 shares of the company’s stock worth $573,749,000 after buying an additional 1,279,047 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Fidelity Low Volatility Factor ETF during the 3rd quarter worth approximately $16,976,000. Ameritas Advisory Services LLC lifted its holdings in Fidelity Low Volatility Factor ETF by 15.7% in the 3rd quarter. Ameritas Advisory Services LLC now owns 303,471 shares of the company’s stock valued at $18,618,000 after purchasing an additional 41,250 shares in the last quarter. Tempus Wealth Planning LLC acquired a new stake in shares of Fidelity Low Volatility Factor ETF during the fourth quarter worth $1,678,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Fidelity Low Volatility Factor ETF by 3.7% in the third quarter. Commonwealth Equity Services LLC now owns 724,927 shares of the company’s stock worth $44,474,000 after acquiring an additional 26,190 shares during the last quarter.
Fidelity Low Volatility Factor ETF Trading Up 0.7 %
FDLO stock opened at $62.73 on Wednesday. The stock has a 50-day moving average price of $61.67 and a two-hundred day moving average price of $60.75. The company has a market cap of $1.17 billion, a PE ratio of 26.48 and a beta of 0.69. Fidelity Low Volatility Factor ETF has a 12-month low of $53.62 and a 12-month high of $63.19.
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.
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Want to see what other hedge funds are holding FDLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Free Report).
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