Nvwm LLC Purchases 1,104 Shares of Fidelity Low Volatility Factor ETF $FDLO

Nvwm LLC grew its position in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 5.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 19,688 shares of the company’s stock after buying an additional 1,104 shares during the period. Nvwm LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FDLO. Commonwealth Equity Services LLC boosted its stake in shares of Fidelity Low Volatility Factor ETF by 1.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 755,697 shares of the company’s stock valued at $45,810,000 after buying an additional 7,293 shares during the period. Envestnet Asset Management Inc. increased its holdings in Fidelity Low Volatility Factor ETF by 3.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 611,643 shares of the company’s stock valued at $37,078,000 after acquiring an additional 19,305 shares in the last quarter. LPL Financial LLC grew its holdings in Fidelity Low Volatility Factor ETF by 17.5% during the 1st quarter. LPL Financial LLC now owns 197,160 shares of the company’s stock valued at $11,952,000 after buying an additional 29,302 shares during the last quarter. Cetera Investment Advisers raised its holdings in Fidelity Low Volatility Factor ETF by 15.6% in the 1st quarter. Cetera Investment Advisers now owns 167,954 shares of the company’s stock valued at $10,181,000 after acquiring an additional 22,653 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Fidelity Low Volatility Factor ETF by 15.0% in the first quarter. NewEdge Advisors LLC now owns 117,894 shares of the company’s stock worth $7,147,000 after acquiring an additional 15,368 shares during the last quarter.

Fidelity Low Volatility Factor ETF Stock Down 0.4%

FDLO opened at $65.41 on Friday. The company has a market cap of $1.40 billion, a P/E ratio of 24.34 and a beta of 0.80. The company has a 50 day moving average of $65.57 and a two-hundred day moving average of $63.25. Fidelity Low Volatility Factor ETF has a 52-week low of $53.59 and a 52-week high of $66.69.

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.