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

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $75.95 and last traded at $76.1580, with a volume of 4,677 shares trading hands. The stock had previously closed at $74.66.

Fidelity Low Volatility Factor ETF Stock Down 2.7%

The stock has a market cap of $1.53 billion, a P/E ratio of 24.34 and a beta of 0.74. The business has a 50 day moving average price of $72.70 and a 200 day moving average price of $69.80.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

A number of large investors have recently bought and sold shares of the business. CoreCap Advisors LLC purchased a new position in Fidelity Low Volatility Factor ETF during the 2nd quarter worth $40,000. Fifth Third Bancorp raised its position in Fidelity Low Volatility Factor ETF by 149.2% during the 1st quarter. Fifth Third Bancorp now owns 658 shares of the company’s stock valued at $42,000 after purchasing an additional 394 shares in the last quarter. Brighton Jones LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF in the 3rd quarter worth $221,000. Integrity Alliance LLC. purchased a new stake in shares of Fidelity Low Volatility Factor ETF in the 3rd quarter worth $227,000. Finally, IFP Advisors Inc lifted its holdings in shares of Fidelity Low Volatility Factor ETF by 4.3% in the 2nd quarter. IFP Advisors Inc now owns 3,434 shares of the company’s stock worth $235,000 after buying an additional 143 shares during the period.

About Fidelity Low Volatility Factor ETF

(Get Free Report)

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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