Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Strong Trading Volume – Should You Buy?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw strong trading volume on Monday . 174,257 shares were traded during mid-day 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 Stock Performance

The business has a 50 day moving average price of $61.72 and a two-hundred day moving average price of $61.50. The stock has a market cap of $1.36 billion, a PE ratio of 25.52 and a beta of 0.86.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Several institutional investors have recently bought and sold shares of the company. Campbell Deegan Wealth Management LLC purchased a new position in Fidelity Low Volatility Factor ETF in the fourth quarter valued at approximately $17,492,000. Two Sigma Investments LP increased its holdings in shares of Fidelity Low Volatility Factor ETF by 85.6% in the fourth quarter. Two Sigma Investments LP now owns 83,500 shares of the company’s stock worth $5,059,000 after purchasing an additional 38,500 shares during the period. EP Wealth Advisors LLC increased its holdings in shares of Fidelity Low Volatility Factor ETF by 11.2% in the fourth quarter. EP Wealth Advisors LLC now owns 1,822 shares of the company’s stock worth $110,000 after purchasing an additional 183 shares during the period. Cetera Investment Advisers increased its holdings in shares of Fidelity Low Volatility Factor ETF by 5.4% in the fourth quarter. Cetera Investment Advisers now owns 145,301 shares of the company’s stock worth $8,804,000 after purchasing an additional 7,379 shares during the period. Finally, Cary Street Partners Financial LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the fourth quarter valued at about $634,000.

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.