Northwestern Mutual Wealth Management Co. Increases Position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,057 shares of the company’s stock after buying an additional 488 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.15% of Fidelity Low Volatility Factor ETF worth $1,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of FDLO. NewEdge Advisors LLC grew its holdings in shares of Fidelity Low Volatility Factor ETF by 0.4% in the second quarter. NewEdge Advisors LLC now owns 145,374 shares of the company’s stock valued at $8,292,000 after purchasing an additional 552 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new position in shares of Fidelity Low Volatility Factor ETF in the fourth quarter worth $26,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Fidelity Low Volatility Factor ETF by 8.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 49,840 shares of the company’s stock worth $2,800,000 after acquiring an additional 3,735 shares during the period. Avantax Advisory Services Inc. increased its position in shares of Fidelity Low Volatility Factor ETF by 6.3% during the first quarter. Avantax Advisory Services Inc. now owns 9,763 shares of the company’s stock worth $548,000 after acquiring an additional 576 shares during the period. Finally, Cetera Advisors LLC raised its stake in shares of Fidelity Low Volatility Factor ETF by 10.5% in the first quarter. Cetera Advisors LLC now owns 7,221 shares of the company’s stock valued at $406,000 after acquiring an additional 689 shares in the last quarter.

Fidelity Low Volatility Factor ETF Price Performance

FDLO opened at $61.02 on Friday. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 26.48 and a beta of 0.69. The business has a fifty day moving average price of $59.59 and a 200 day moving average price of $57.36. Fidelity Low Volatility Factor ETF has a 12 month low of $47.41 and a 12 month high of $61.35.

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.