Corient Private Wealth LLC Cuts Stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Corient Private Wealth LLC reduced its stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 4.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 266,044 shares of the company’s stock after selling 13,085 shares during the period. Corient Private Wealth LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $15,775,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Truvestments Capital LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the third quarter valued at about $49,000. Kestra Investment Management LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the fourth quarter valued at about $76,000. EP Wealth Advisors LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF during the third quarter valued at about $101,000. Global Retirement Partners LLC increased its position in shares of Fidelity Low Volatility Factor ETF by 2,005.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,148 shares of the company’s stock valued at $130,000 after buying an additional 2,046 shares during the period. Finally, Provident Wealth Management LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF during the fourth quarter valued at about $175,000.

Fidelity Low Volatility Factor ETF Stock Up 0.6 %

Shares of FDLO opened at $60.74 on Thursday. The business’s 50-day moving average price is $61.73 and its 200-day moving average price is $61.50. Fidelity Low Volatility Factor ETF has a twelve month low of $53.62 and a twelve month high of $63.32. The stock has a market cap of $1.35 billion, a PE ratio of 24.70 and a beta of 0.86.

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.