Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Unusually-High Trading Volume – Time to Buy?

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) shares saw an uptick in trading volume on Friday . 165,903 shares changed hands during trading, an increase of 98% from the previous session’s volume of 83,919 shares.The stock last traded at $62.85 and had previously closed at $63.07.

Fidelity Low Volatility Factor ETF Trading Down 1.1 %

The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 26.48 and a beta of 0.69. The company has a 50 day moving average of $61.61 and a 200 day moving average of $61.17.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

A number of large investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP increased its holdings in Fidelity Low Volatility Factor ETF by 85.6% during the 4th 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 in the last quarter. EP Wealth Advisors LLC increased its holdings in Fidelity Low Volatility Factor ETF by 11.2% during the 4th quarter. EP Wealth Advisors LLC now owns 1,822 shares of the company’s stock worth $110,000 after purchasing an additional 183 shares in the last quarter. Cetera Investment Advisers increased its holdings in Fidelity Low Volatility Factor ETF by 5.4% during the 4th 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 in the last quarter. Cary Street Partners Financial LLC bought a new position in Fidelity Low Volatility Factor ETF during the 4th quarter worth about $634,000. Finally, Bank of America Corp DE increased its holdings in Fidelity Low Volatility Factor ETF by 37.7% during the 4th quarter. Bank of America Corp DE now owns 393,395 shares of the company’s stock worth $23,836,000 after purchasing an additional 107,751 shares in the last quarter.

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.