Fmr LLC Raises Stock Position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Fmr LLC boosted its stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 1,801.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,276,097 shares of the company’s stock after purchasing an additional 1,208,968 shares during the period. Fmr LLC owned approximately 39.26% of Fidelity Momentum Factor ETF worth $84,404,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. bought a new stake in Fidelity Momentum Factor ETF during the second quarter valued at approximately $32,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Fidelity Momentum Factor ETF by 4.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 27,708 shares of the company’s stock valued at $1,766,000 after acquiring an additional 1,221 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Fidelity Momentum Factor ETF by 62.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,690 shares of the company’s stock worth $363,000 after purchasing an additional 2,178 shares in the last quarter. Prudential PLC raised its holdings in Fidelity Momentum Factor ETF by 40.4% in the 2nd quarter. Prudential PLC now owns 8,135 shares of the company’s stock worth $518,000 after purchasing an additional 2,340 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Fidelity Momentum Factor ETF by 4.4% in the 2nd quarter. Cetera Investment Advisers now owns 81,612 shares of the company’s stock worth $5,200,000 after purchasing an additional 3,459 shares during the period.

Fidelity Momentum Factor ETF Trading Down 0.3 %

Fidelity Momentum Factor ETF stock opened at $72.80 on Friday. Fidelity Momentum Factor ETF has a 12-month low of $50.25 and a 12-month high of $73.22. The firm has a market capitalization of $236.60 million, a price-to-earnings ratio of 27.90 and a beta of 1.11. The firm has a 50 day moving average of $68.93 and a 200 day moving average of $65.22.

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.