Thrivent Financial for Lutherans Cuts Stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO)

Thrivent Financial for Lutherans lessened its stake in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) by 0.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,857 shares of the company’s stock after selling 190 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fidelity Low Volatility Factor ETF were worth $7,108,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Aptus Capital Advisors LLC increased its holdings in Fidelity Low Volatility Factor ETF by 51.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,173 shares of the company’s stock valued at $195,000 after acquiring an additional 1,083 shares during the last quarter. Tyler Stone Wealth Management increased its holdings in shares of Fidelity Low Volatility Factor ETF by 99.5% in the third quarter. Tyler Stone Wealth Management now owns 34,165 shares of the company’s stock worth $2,096,000 after purchasing an additional 17,040 shares during the last quarter. Verity Asset Management Inc. lifted its position in shares of Fidelity Low Volatility Factor ETF by 9.7% in the third quarter. Verity Asset Management Inc. now owns 21,664 shares of the company’s stock worth $1,329,000 after buying an additional 1,910 shares in the last quarter. JB Capital LLC bought a new position in Fidelity Low Volatility Factor ETF during the third quarter valued at approximately $213,000. Finally, Avidian Wealth Enterprises LLC bought a new position in Fidelity Low Volatility Factor ETF during the third quarter valued at approximately $501,000.

Fidelity Low Volatility Factor ETF Price Performance

NYSEARCA:FDLO opened at $61.98 on Friday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 26.48 and a beta of 0.69. Fidelity Low Volatility Factor ETF has a 1 year low of $51.45 and a 1 year high of $62.72. The stock’s 50 day simple moving average is $61.30 and its two-hundred day simple moving average is $58.90.

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.