Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Strong Trading Volume – What’s Next?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw strong trading volume on Monday . 174,257 shares traded hands during trading, an increase of 86% from the previous session’s volume of 93,854 shares.The stock last traded at $60.48 and had previously closed at $60.15.

Fidelity Low Volatility Factor ETF Trading Down 0.7 %

The business’s 50 day moving average is $61.73 and its two-hundred day moving average is $61.51. The company has a market cap of $1.35 billion, a PE ratio of 25.52 and a beta of 0.86.

Institutional Trading of Fidelity Low Volatility Factor ETF

Several hedge funds have recently bought and sold shares of FDLO. AMG National Trust Bank purchased a new stake in Fidelity Low Volatility Factor ETF in the 3rd quarter worth $214,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the 3rd quarter valued at about $16,976,000. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the 3rd quarter valued at about $193,000. Running Point Capital Advisors LLC raised its position in shares of Fidelity Low Volatility Factor ETF by 2.5% during the 3rd quarter. Running Point Capital Advisors LLC now owns 147,882 shares of the company’s stock valued at $9,073,000 after buying an additional 3,550 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the 3rd quarter valued at about $49,000.

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.