Wealth Enhancement Advisory Services LLC Reduces Position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Wealth Enhancement Advisory Services LLC reduced its holdings in Fidelity Momentum Factor ETF (NYSEARCA:FDMOFree Report) by 16.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,487 shares of the company’s stock after selling 5,396 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.85% of Fidelity Momentum Factor ETF worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in Fidelity Momentum Factor ETF in the 1st quarter worth approximately $212,000. Trilogy Capital Inc. acquired a new position in Fidelity Momentum Factor ETF during the fourth quarter worth $1,715,000. Prudential PLC grew its holdings in Fidelity Momentum Factor ETF by 187.2% in the 4th quarter. Prudential PLC now owns 18,035 shares of the company’s stock valued at $954,000 after buying an additional 11,755 shares in the last quarter. Stonehearth Capital Management LLC purchased a new stake in Fidelity Momentum Factor ETF in the 1st quarter valued at $217,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Fidelity Momentum Factor ETF in the 4th quarter worth $280,000.

Fidelity Momentum Factor ETF Trading Up 0.6 %

Shares of FDMO stock opened at $64.88 on Friday. Fidelity Momentum Factor ETF has a twelve month low of $44.80 and a twelve month high of $64.88. The company’s 50-day moving average price is $62.01 and its 200-day moving average price is $58.52. The stock has a market cap of $210.86 million, a price-to-earnings ratio of 27.90 and a beta of 1.11.

Fidelity Momentum Factor ETF Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

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