Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Hits New 1-Year High at $56.27

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $56.27 and last traded at $56.18, with a volume of 65344 shares trading hands. The stock had previously closed at $56.07.

Fidelity Low Volatility Factor ETF Stock Up 0.1 %

The firm has a 50 day moving average of $55.04 and a 200-day moving average of $52.31. The firm has a market capitalization of $609.01 million, a P/E ratio of 24.27 and a beta of 0.85.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its position in shares of Fidelity Low Volatility Factor ETF by 0.3% during the 3rd quarter. Royal Bank of Canada now owns 73,249 shares of the company’s stock valued at $3,562,000 after purchasing an additional 213 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Fidelity Low Volatility Factor ETF by 0.4% during the first quarter. NewEdge Advisors LLC now owns 58,940 shares of the company’s stock valued at $2,947,000 after purchasing an additional 232 shares in the last quarter. Raymond James & Associates increased its stake in shares of Fidelity Low Volatility Factor ETF by 3.8% during the fourth quarter. Raymond James & Associates now owns 7,969 shares of the company’s stock valued at $368,000 after purchasing an additional 292 shares in the last quarter. UBS Group AG increased its stake in shares of Fidelity Low Volatility Factor ETF by 7.3% during the second quarter. UBS Group AG now owns 5,074 shares of the company’s stock valued at $226,000 after purchasing an additional 345 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Fidelity Low Volatility Factor ETF by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 91,095 shares of the company’s stock valued at $3,873,000 after acquiring an additional 432 shares in the last quarter.

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.