Cetera Investment Advisers boosted its holdings in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO – Free Report) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,612 shares of the company’s stock after buying an additional 3,459 shares during the quarter. Cetera Investment Advisers owned approximately 2.51% of Fidelity Momentum Factor ETF worth $5,200,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDMO. Cullen Frost Bankers Inc. purchased a new position in shares of Fidelity Momentum Factor ETF during the 2nd quarter valued at about $32,000. Sunbelt Securities Inc. purchased a new stake in shares of Fidelity Momentum Factor ETF in the first quarter worth $212,000. Stonehearth Capital Management LLC bought a new stake in shares of Fidelity Momentum Factor ETF during the 1st quarter valued at $217,000. Cetera Advisors LLC purchased a new position in shares of Fidelity Momentum Factor ETF during the 1st quarter valued at $231,000. Finally, Linscomb Wealth Inc. bought a new position in Fidelity Momentum Factor ETF in the 1st quarter worth $241,000.
Fidelity Momentum Factor ETF Stock Up 1.1 %
Shares of Fidelity Momentum Factor ETF stock opened at $66.81 on Wednesday. The company has a market capitalization of $217.13 million, a price-to-earnings ratio of 27.90 and a beta of 1.11. The stock’s 50-day simple moving average is $63.64 and its 200-day simple moving average is $62.26. Fidelity Momentum Factor ETF has a 52 week low of $44.80 and a 52 week high of $66.84.
Fidelity Momentum Factor ETF Company Profile
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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