Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Reaches New 1-Year High at $61.23

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) shares hit a new 52-week high during trading on Thursday . The company traded as high as $61.23 and last traded at $61.08, with a volume of 2691 shares traded. The stock had previously closed at $60.51.

Fidelity Low Volatility Factor ETF Price Performance

The company has a market cap of $1.14 billion, a PE ratio of 26.48 and a beta of 0.69. The company has a 50-day moving average price of $59.06 and a two-hundred day moving average price of $56.96.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Exencial Wealth Advisors LLC lifted its position in shares of Fidelity Low Volatility Factor ETF by 4.8% during the fourth quarter. Exencial Wealth Advisors LLC now owns 89,724 shares of the company’s stock worth $4,753,000 after purchasing an additional 4,140 shares in the last quarter. Valley Financial Group Inc. purchased a new position in Fidelity Low Volatility Factor ETF in the 4th quarter valued at about $295,000. Personal CFO Solutions LLC acquired a new stake in shares of Fidelity Low Volatility Factor ETF during the fourth quarter valued at about $1,165,000. Asset Allocation Strategies LLC increased its position in shares of Fidelity Low Volatility Factor ETF by 5.8% during the fourth quarter. Asset Allocation Strategies LLC now owns 26,116 shares of the company’s stock worth $1,383,000 after acquiring an additional 1,439 shares during the last quarter. Finally, Clarity Asset Management Inc. acquired a new position in shares of Fidelity Low Volatility Factor ETF in the fourth quarter worth about $115,000.

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.