Sunbelt Securities Inc. bought a new position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,512 shares of the company’s stock, valued at approximately $212,000. Sunbelt Securities Inc. owned about 0.11% of Fidelity Momentum Factor ETF as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FDMO. Trilogy Capital Inc. purchased a new stake in Fidelity Momentum Factor ETF in the 4th quarter worth approximately $1,715,000. Prudential PLC grew its position in Fidelity Momentum Factor ETF by 187.2% during the fourth quarter. Prudential PLC now owns 18,035 shares of the company’s stock valued at $954,000 after buying an additional 11,755 shares during the period. Stonehearth Capital Management LLC purchased a new position in Fidelity Momentum Factor ETF in the first quarter valued at $217,000. International Assets Investment Management LLC acquired a new position in shares of Fidelity Momentum Factor ETF in the fourth quarter worth about $280,000. Finally, Fiduciary Trust Co purchased a new stake in shares of Fidelity Momentum Factor ETF during the 4th quarter worth about $223,000.
Fidelity Momentum Factor ETF Stock Down 0.3 %
NYSEARCA:FDMO opened at $63.72 on Friday. Fidelity Momentum Factor ETF has a 52 week low of $44.80 and a 52 week high of $64.69. The stock’s 50-day moving average price is $61.37 and its 200-day moving average price is $58.10. The stock has a market capitalization of $207.09 million, a PE ratio of 27.90 and a beta of 1.11.
About Fidelity Momentum Factor ETF
The Fidelity Momentum Factor ETF (FDMO) is an exchange-traded fund that is based on the Fidelity U.S. Momentum Factor index. The fund tracks an index large-cap US stocks selected for positive momentum signals. FDMO was launched on Sep 12, 2016 and is managed by Fidelity.
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