Raymond James Financial Services Advisors Inc. Reduces Stock Position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Raymond James Financial Services Advisors Inc. lowered its stake in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 61.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,950 shares of the company’s stock after selling 18,832 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.11% of Fidelity Low Volatility Factor ETF worth $633,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FDLO. FMR LLC lifted its position in shares of Fidelity Low Volatility Factor ETF by 68.3% during the third quarter. FMR LLC now owns 1,608,125 shares of the company’s stock worth $78,203,000 after acquiring an additional 652,640 shares in the last quarter. CI Private Wealth LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the fourth quarter worth $25,813,000. Bank of America Corp DE lifted its position in shares of Fidelity Low Volatility Factor ETF by 83.9% during the fourth quarter. Bank of America Corp DE now owns 536,490 shares of the company’s stock worth $24,775,000 after acquiring an additional 244,809 shares in the last quarter. Abundance Wealth Counselors purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the third quarter worth $10,414,000. Finally, UBS Group AG lifted its position in shares of Fidelity Low Volatility Factor ETF by 3,657.2% during the third quarter. UBS Group AG now owns 132,329 shares of the company’s stock worth $6,435,000 after acquiring an additional 128,807 shares in the last quarter.

Fidelity Low Volatility Factor ETF Price Performance

NYSEARCA:FDLO opened at $53.82 on Thursday. Fidelity Low Volatility Factor ETF has a 1 year low of $47.41 and a 1 year high of $56.27. The company has a market cap of $583.95 million, a P/E ratio of 24.27 and a beta of 0.85. The stock’s fifty day moving average price is $55.22 and its two-hundred day moving average price is $52.86.

Fidelity Low Volatility Factor ETF 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.