Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Trading 0.4% Higher – Still a Buy?

Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) traded up 0.4% on Friday . The company traded as high as $61.25 and last traded at $61.00. 24,737 shares were traded during mid-day trading, a decline of 77% from the average session volume of 107,212 shares. The stock had previously closed at $60.76.

Fidelity Low Volatility Factor ETF Trading Up 0.4 %

The company has a market capitalization of $1.14 billion, a PE ratio of 26.48 and a beta of 0.69. The firm’s 50-day simple moving average is $61.64 and its 200-day simple moving average is $60.41.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp lifted its holdings in Fidelity Low Volatility Factor ETF by 19.0% during the third quarter. Stifel Financial Corp now owns 33,408 shares of the company’s stock worth $2,050,000 after buying an additional 5,341 shares during the period. Raymond James & Associates raised its position in shares of Fidelity Low Volatility Factor ETF by 4.6% in the 3rd quarter. Raymond James & Associates now owns 88,844 shares of the company’s stock worth $5,451,000 after acquiring an additional 3,901 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the 3rd quarter worth $552,000. Jane Street Group LLC bought a new stake in Fidelity Low Volatility Factor ETF during the third quarter valued at about $1,514,000. Finally, Truist Financial Corp purchased a new position in Fidelity Low Volatility Factor ETF in the second quarter valued at about $267,000.

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.