Fidelity Momentum Factor ETF (NYSEARCA:FDMO) Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 6.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,665 shares of the company’s stock after acquiring an additional 725 shares during the period. JPMorgan Chase & Co. owned 0.36% of Fidelity Momentum Factor ETF worth $772,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Sunbelt Securities Inc. raised its position in Fidelity Momentum Factor ETF by 62.0% during the second quarter. Sunbelt Securities Inc. now owns 5,690 shares of the company’s stock valued at $363,000 after acquiring an additional 2,178 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Fidelity Momentum Factor ETF by 4.4% during 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 last quarter. International Assets Investment Management LLC bought a new position in shares of Fidelity Momentum Factor ETF during the 3rd quarter valued at $665,080,000. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Momentum Factor ETF in the 3rd quarter valued at $290,000. Finally, FMR LLC boosted its holdings in Fidelity Momentum Factor ETF by 1,801.0% in the third quarter. FMR LLC now owns 1,276,097 shares of the company’s stock worth $84,404,000 after purchasing an additional 1,208,968 shares in the last quarter.

Fidelity Momentum Factor ETF Price Performance

Fidelity Momentum Factor ETF stock opened at $73.33 on Monday. Fidelity Momentum Factor ETF has a one year low of $54.50 and a one year high of $73.86. The company’s fifty day moving average price is $71.44 and its two-hundred day moving average price is $67.34. The company has a market capitalization of $238.32 million, a price-to-earnings 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.