LPL Financial LLC Acquires 5,133 Shares of Fidelity Momentum Factor ETF $FDMO

LPL Financial LLC lifted its holdings in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 23.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 26,987 shares of the company’s stock after acquiring an additional 5,133 shares during the period. LPL Financial LLC owned approximately 0.42% of Fidelity Momentum Factor ETF worth $1,756,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new position in Fidelity Momentum Factor ETF in the first quarter valued at about $226,000. Axxcess Wealth Management LLC acquired a new position in Fidelity Momentum Factor ETF in the first quarter valued at about $255,000. Colonial River Investments LLC acquired a new position in Fidelity Momentum Factor ETF in the first quarter valued at about $259,000. Inscription Capital LLC acquired a new position in Fidelity Momentum Factor ETF in the first quarter valued at about $399,000. Finally, Cullen Frost Bankers Inc. boosted its position in Fidelity Momentum Factor ETF by 168.4% in the first quarter. Cullen Frost Bankers Inc. now owns 7,364 shares of the company’s stock valued at $479,000 after buying an additional 4,620 shares in the last quarter.

Fidelity Momentum Factor ETF Stock Up 0.0%

NYSEARCA:FDMO opened at $77.93 on Thursday. The firm has a market cap of $506.55 million, a PE ratio of 28.38 and a beta of 0.96. Fidelity Momentum Factor ETF has a 12 month low of $55.41 and a 12 month high of $79.97. The company’s 50-day moving average price is $76.37 and its two-hundred day moving average price is $70.96.

Fidelity Momentum Factor ETF Profile

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.