Newfound Research LLC Invests $1.19 Million in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)


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Newfound Research LLC purchased a new position in shares of Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 27,216 shares of the company’s stock, valued at approximately $1,194,000. Fidelity Low Volatility Factor ETF makes up 2.8% of Newfound Research LLC’s investment portfolio, making the stock its 8th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management raised its stake in shares of Fidelity Low Volatility Factor ETF by 6.1% in the 4th quarter. Brookstone Capital Management now owns 6,402 shares of the company’s stock valued at $273,000 after acquiring an additional 368 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Fidelity Low Volatility Factor ETF by 1.2% in the 4th quarter. D.A. Davidson & CO. now owns 34,739 shares of the company’s stock valued at $1,484,000 after acquiring an additional 396 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Fidelity Low Volatility Factor ETF by 11.6% in the 4th quarter. Westside Investment Management Inc. now owns 3,850 shares of the company’s stock valued at $164,000 after acquiring an additional 400 shares in the last quarter. Winslow Evans & Crocker Inc. grew its holdings in Fidelity Low Volatility Factor ETF by 71.4% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,200 shares of the company’s stock valued at $51,000 after buying an additional 500 shares during the last quarter. Finally, AE Wealth Management LLC grew its holdings in Fidelity Low Volatility Factor ETF by 6.2% in the 4th quarter. AE Wealth Management LLC now owns 8,944 shares of the company’s stock valued at $382,000 after buying an additional 524 shares during the last quarter.

FDLO traded up $0.33 during midday trading on Tuesday, reaching $46.45. The company’s stock had a trading volume of 40,821 shares, compared to its average volume of 51,771. The company has a fifty day simple moving average of $44.85 and a 200 day simple moving average of $42.68. Fidelity Low Volatility Factor ETF has a twelve month low of $33.35 and a twelve month high of $46.53.

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Institutional Ownership by Quarter for Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

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