Wealth Enhancement Advisory Services LLC Acquires 244 Shares of Fidelity Momentum Factor ETF $FDMO

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,985 shares of the company’s stock after purchasing an additional 244 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.34% of Fidelity Momentum Factor ETF worth $1,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDMO. Bank of America Corp DE increased its stake in Fidelity Momentum Factor ETF by 31.4% during the 4th quarter. Bank of America Corp DE now owns 10,984 shares of the company’s stock valued at $765,000 after purchasing an additional 2,625 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Fidelity Momentum Factor ETF in the 4th quarter worth $613,000. Inscription Capital LLC bought a new stake in shares of Fidelity Momentum Factor ETF in the 1st quarter worth $399,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of Fidelity Momentum Factor ETF by 18.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 26,425 shares of the company’s stock worth $1,719,000 after acquiring an additional 4,027 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Fidelity Momentum Factor ETF by 5.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 50,200 shares of the company’s stock worth $3,266,000 after acquiring an additional 2,395 shares in the last quarter.

Fidelity Momentum Factor ETF Price Performance

NYSEARCA FDMO opened at $82.89 on Tuesday. Fidelity Momentum Factor ETF has a 1 year low of $55.41 and a 1 year high of $83.36. The firm has a market cap of $538.79 million, a price-to-earnings ratio of 28.38 and a beta of 0.96. The company has a fifty day moving average price of $79.65 and a 200-day moving average price of $73.05.

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.