Silver Oak Securities Increases Stake in Fidelity Low Volatility Factor ETF

Silver Oak Securities Incorporated has raised its position in the Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Free Report) by an impressive 43.8% during the third quarter. This information comes from the firm's recent filing with the Securities and Exchange Commission (SEC). After acquiring an additional 1,951 shares during this period, Silver Oak now holds a total of 6,408 shares in the company. At the end of the most recent reporting period, these holdings were valued at approximately $391,000.

In addition to Silver Oak, other institutional investors and hedge funds have made adjustments to their stakes in FDLO. Notably, Foundations Investment Advisors LLC has acquired a new stake in Fidelity Low Volatility Factor ETF, valued at around $552,000 in the third quarter. Similarly, Truist Financial Corp also took a new position during the second quarter with a value of about $267,000. Furthermore, NewEdge Advisors LLC slightly increased its position by 0.4% during the second quarter and now owns 145,374 shares worth $8,292,000, after gaining an additional 552 shares in the last quarter. Northwestern Mutual Wealth Management Co. also lifted its stake by 1.8%, bringing its total to 28,057 shares valued at $1,600,000 after purchasing 488 more shares. Lastly, Cetera Advisors LLC boosted its holdings by 10.5% in the first quarter, now owning 7,221 shares worth $406,000 following an acquisition of 689 shares in the prior quarter.

Stock Performance of Fidelity Low Volatility Factor ETF

As of Friday, the stock of Fidelity Low Volatility Factor ETF opened at $61.15. The fund has experienced a 52-week low of $47.41 and a high of $62.26. Currently, the ETF has a market capitalization of $1.14 billion, a P/E ratio of 26.48, and a beta of 0.69, suggesting lower volatility compared to the market. Its fifty-day moving average stands at $60.68, while the 200-day moving average is at $57.97.

About Fidelity Low Volatility Factor ETF

The Fidelity Low Volatility Factor ETF (FDLO) is an exchange-traded fund that tracks the Fidelity U.S. Low Volatility Factor index, which comprises large- and mid-cap U.S. stocks selected based on their low return and earnings volatility. This fund was launched on September 12, 2016, and is managed by Fidelity.

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Want to explore what other hedge funds are holding FDLO? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Free Report).

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Silver, Investment, ETF