Bank of America Corp DE boosted its position in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO – Free Report) by 31.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,984 shares of the company’s stock after acquiring an additional 2,625 shares during the period. Bank of America Corp DE owned 0.34% of Fidelity Momentum Factor ETF worth $765,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. CIBC Private Wealth Group LLC bought a new stake in shares of Fidelity Momentum Factor ETF during the 4th quarter worth $33,000. IFP Advisors Inc purchased a new position in shares of Fidelity Momentum Factor ETF in the 4th quarter worth about $51,000. Kestra Investment Management LLC bought a new position in shares of Fidelity Momentum Factor ETF during the 4th quarter valued at about $155,000. Capital Investment Counsel Inc bought a new position in shares of Fidelity Momentum Factor ETF during the 4th quarter valued at about $164,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Fidelity Momentum Factor ETF by 130.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 2,744 shares of the company’s stock valued at $191,000 after buying an additional 1,552 shares in the last quarter.
Fidelity Momentum Factor ETF Stock Up 0.9%
Shares of NYSEARCA:FDMO opened at $73.41 on Monday. The stock has a market cap of $469.82 million, a PE ratio of 25.72 and a beta of 1.01. The company’s fifty day moving average is $67.03 and its 200 day moving average is $69.24. Fidelity Momentum Factor ETF has a 52 week low of $55.41 and a 52 week high of $74.53.
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.
Read More
- Five stocks we like better than Fidelity Momentum Factor ETF
- Breakout Stocks: What They Are and How to Identify Them
- Five Below Pops on Strong Earnings, But Rally May Stall
- Airline Stocks – Top Airline Stocks to Buy Now
- Intel’s Dual Gamble: AI Innovation Now, Foundry Fortunes Later?
- EV Stocks and How to Profit from Them
- X: 1 Reason to Bet on U.S. Steel, and 1 Reason to Hold Back
Want to see what other hedge funds are holding FDMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Momentum Factor ETF (NYSEARCA:FDMO – Free Report).
Receive News & Ratings for Fidelity Momentum Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Momentum Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
