Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Reaches New 52-Week High – What’s Next?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $63.19 and last traded at $63.14, with a volume of 73570 shares traded. The stock had previously closed at $62.80.

Fidelity Low Volatility Factor ETF Price Performance

The firm has a market capitalization of $1.17 billion, a P/E ratio of 26.48 and a beta of 0.69. The firm’s 50 day simple moving average is $61.62 and its two-hundred day simple moving average is $61.12.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

A number of hedge funds have recently modified their holdings of the company. FMR LLC increased its position in shares of Fidelity Low Volatility Factor ETF by 10.0% in the fourth quarter. FMR LLC now owns 10,286,431 shares of the company’s stock valued at $623,255,000 after acquiring an additional 934,366 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Fidelity Low Volatility Factor ETF by 3.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 748,404 shares of the company’s stock valued at $45,346,000 after buying an additional 23,477 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Fidelity Low Volatility Factor ETF by 6.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 592,338 shares of the company’s stock valued at $35,890,000 after buying an additional 37,741 shares during the period. Bank of America Corp DE increased its position in shares of Fidelity Low Volatility Factor ETF by 37.7% during the fourth quarter. Bank of America Corp DE now owns 393,395 shares of the company’s stock valued at $23,836,000 after buying an additional 107,751 shares during the period. Finally, Ameritas Advisory Services LLC increased its position in shares of Fidelity Low Volatility Factor ETF by 15.7% during the third quarter. Ameritas Advisory Services LLC now owns 303,471 shares of the company’s stock valued at $18,618,000 after buying an additional 41,250 shares during the period.

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.