Sunbelt Securities Inc. Has $363,000 Stock Holdings in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Sunbelt Securities Inc. increased its stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 62.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,690 shares of the company’s stock after buying an additional 2,178 shares during the period. Sunbelt Securities Inc. owned 0.18% of Fidelity Momentum Factor ETF worth $363,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. acquired a new position in shares of Fidelity Momentum Factor ETF during the second quarter worth approximately $32,000. Stonehearth Capital Management LLC bought a new position in Fidelity Momentum Factor ETF in the 1st quarter valued at $217,000. Cetera Advisors LLC acquired a new stake in shares of Fidelity Momentum Factor ETF in the 1st quarter valued at $231,000. Linscomb Wealth Inc. bought a new stake in shares of Fidelity Momentum Factor ETF during the first quarter worth $241,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of Fidelity Momentum Factor ETF during the first quarter valued at $245,000.

Fidelity Momentum Factor ETF Stock Down 1.0 %

Shares of FDMO stock opened at $65.49 on Wednesday. The firm has a market cap of $212.84 million, a price-to-earnings ratio of 27.90 and a beta of 1.11. Fidelity Momentum Factor ETF has a 12 month low of $44.80 and a 12 month high of $66.84. The stock has a 50-day moving average price of $63.33 and a 200 day moving average price of $62.08.

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.