Raymond James Financial Inc. Purchases New Holdings in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Raymond James Financial Inc. acquired a new position in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 102,094 shares of the company’s stock, valued at approximately $6,186,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in Fidelity Low Volatility Factor ETF during the 3rd quarter valued at about $49,000. FMR LLC boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 15.8% during the third quarter. FMR LLC now owns 9,352,065 shares of the company’s stock worth $573,749,000 after purchasing an additional 1,279,047 shares during the period. Stifel Financial Corp boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 19.0% during the third quarter. Stifel Financial Corp now owns 33,408 shares of the company’s stock worth $2,050,000 after purchasing an additional 5,341 shares during the period. Jane Street Group LLC purchased a new position in Fidelity Low Volatility Factor ETF during the third quarter valued at approximately $1,514,000. Finally, EP Wealth Advisors LLC acquired a new position in Fidelity Low Volatility Factor ETF in the 3rd quarter valued at approximately $101,000.

Fidelity Low Volatility Factor ETF Stock Up 0.9 %

FDLO stock opened at $60.78 on Tuesday. The company has a 50 day moving average of $61.76 and a two-hundred day moving average of $61.52. Fidelity Low Volatility Factor ETF has a 12-month low of $53.62 and a 12-month high of $63.32. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 24.70 and a beta of 0.86.

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.