Provident Wealth Management LLC Invests $175,000 in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Provident Wealth Management LLC acquired a new position in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,886 shares of the company’s stock, valued at approximately $175,000.

A number of other hedge funds have also modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in Fidelity Low Volatility Factor ETF during the 3rd quarter worth about $49,000. Kestra Investment Management LLC bought a new position in Fidelity Low Volatility Factor ETF in the 4th quarter worth $76,000. EP Wealth Advisors LLC bought a new stake in Fidelity Low Volatility Factor ETF during the 3rd quarter valued at approximately $101,000. Global Retirement Partners LLC increased its position in 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 worth $130,000 after acquiring an additional 2,046 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF in the third quarter valued at about $193,000.

Fidelity Low Volatility Factor ETF Trading Up 0.3 %

FDLO stock opened at $62.73 on Wednesday. The business’s 50 day moving average is $61.63 and its 200-day moving average is $61.30. Fidelity Low Volatility Factor ETF has a 1-year low of $53.62 and a 1-year high of $63.32. The firm has a market cap of $1.17 billion, a P/E ratio of 26.48 and a beta of 0.69.

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.