Wealth Enhancement Advisory Services LLC Sells 3,290 Shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Wealth Enhancement Advisory Services LLC cut its position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 13.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,494 shares of the company’s stock after selling 3,290 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity Low Volatility Factor ETF were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of FDLO. Cetera Investment Advisers raised its stake in Fidelity Low Volatility Factor ETF by 145.4% in the first quarter. Cetera Investment Advisers now owns 115,377 shares of the company’s stock valued at $6,482,000 after buying an additional 68,363 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Fidelity Low Volatility Factor ETF by 10.3% in the second quarter. Envestnet Asset Management Inc. now owns 536,162 shares of the company’s stock valued at $30,583,000 after acquiring an additional 50,154 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity Low Volatility Factor ETF by 4.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 698,737 shares of the company’s stock valued at $39,856,000 after purchasing an additional 30,427 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Fidelity Low Volatility Factor ETF by 45.5% in the 1st quarter. Jane Street Group LLC now owns 78,575 shares of the company’s stock valued at $4,414,000 after purchasing an additional 24,559 shares during the period. Finally, AE Wealth Management LLC grew its position in Fidelity Low Volatility Factor ETF by 69.6% during the second quarter. AE Wealth Management LLC now owns 59,071 shares of the company’s stock valued at $3,369,000 after buying an additional 24,243 shares during the period.

Fidelity Low Volatility Factor ETF Trading Down 0.3 %

Shares of FDLO stock opened at $60.33 on Tuesday. The company has a market capitalization of $1.13 billion, a P/E ratio of 26.48 and a beta of 0.69. The business’s 50 day moving average is $60.84 and its two-hundred day moving average is $58.28. Fidelity Low Volatility Factor ETF has a 12-month low of $49.87 and a 12-month high of $62.26.

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.