Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees 0.4% Increase in Stock Price

The Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) experienced a modest increase of 0.4% during trading on Friday. The stock reached a high of $61.25 at one point before concluding the day at $61.00. In total, approximately 24,737 shares changed hands, showing a significant reduction of 77% in trading volume compared to the average daily volume of 107,212 shares. The previous closing price for the stock was recorded at $60.76.

Performance Overview of FDLO

As for its performance metrics, the Fidelity Low Volatility Factor ETF has a 50-day simple moving average of $61.64, while its 200-day simple moving average stands at $60.41. The ETF is valued with a market capitalization of $1.14 billion and a price-to-earnings ratio of 26.48. Furthermore, it has a beta of 0.69, indicating lower volatility compared to the general market.

Recent Institutional Activity

In recent months, several hedge funds have either increased or decreased their positions in Fidelity Low Volatility Factor ETF. Truvestments Capital LLC took a new position in FDLO during the third quarter, valued at around $49,000. Similarly, EP Wealth Advisors LLC and Darwin Wealth Management LLC also made new investments in the same quarter, valued at $101,000 and $193,000, respectively. Aptus Capital Advisors LLC significantly boosted its stake in the ETF by 51.8% in the third quarter and now holds 3,173 shares valued at approximately $195,000. Additionally, OmniStar Financial Group Inc. made an investment worth $202,000 in the ETF during the same period.

About Fidelity Low Volatility Factor ETF

The Fidelity Low Volatility Factor ETF (FDLO) is an exchange-traded fund that aims to track the Fidelity U.S. Low Volatility Factor Index. This fund is designed to include large- and mid-cap US stocks that are selected based on their low volatility of returns and earnings. Launched on September 12, 2016, the fund is managed by Fidelity.

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Fidelity, ETF, Stocks