Envestnet Asset Management Inc. Acquires 50,154 Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Envestnet Asset Management Inc. grew its holdings in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 10.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 536,162 shares of the company’s stock after buying an additional 50,154 shares during the period. Envestnet Asset Management Inc. owned 2.87% of Fidelity Low Volatility Factor ETF worth $30,583,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Voisard Asset Management Group Inc. bought a new position in Fidelity Low Volatility Factor ETF in the 4th quarter worth about $26,000. Gradient Investments LLC purchased a new position in Fidelity Low Volatility Factor ETF in the second quarter worth about $33,000. Clarity Asset Management Inc. bought a new position in shares of Fidelity Low Volatility Factor ETF in the fourth quarter worth approximately $115,000. Key Financial Inc purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the second quarter valued at approximately $138,000. Finally, Carnegie Investment Counsel purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the second quarter valued at approximately $232,000.

Fidelity Low Volatility Factor ETF Stock Down 0.1 %

Shares of NYSEARCA FDLO opened at $60.84 on Friday. The firm has a market cap of $1.14 billion, a P/E ratio of 26.48 and a beta of 0.69. Fidelity Low Volatility Factor ETF has a twelve month low of $47.41 and a twelve month high of $61.23. The company has a 50 day moving average of $59.06 and a 200 day moving average of $56.96.

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.