AE Wealth Management LLC Sells 69,065 Shares of Fidelity Momentum Factor ETF $FDMO

AE Wealth Management LLC reduced its position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 78.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,706 shares of the company’s stock after selling 69,065 shares during the quarter. AE Wealth Management LLC owned about 0.29% of Fidelity Momentum Factor ETF worth $1,419,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDMO. Great Lakes Retirement Inc. boosted its position in shares of Fidelity Momentum Factor ETF by 0.8% during the 2nd quarter. Great Lakes Retirement Inc. now owns 228,747 shares of the company’s stock worth $17,353,000 after acquiring an additional 1,797 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Fidelity Momentum Factor ETF by 2.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,189,877 shares of the company’s stock worth $90,264,000 after purchasing an additional 24,814 shares during the last quarter. Strategic Blueprint LLC acquired a new stake in shares of Fidelity Momentum Factor ETF in the 2nd quarter valued at $1,364,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Fidelity Momentum Factor ETF by 13.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 8,384 shares of the company’s stock valued at $636,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Fidelity Momentum Factor ETF by 9.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 28,876 shares of the company’s stock valued at $2,191,000 after purchasing an additional 2,451 shares during the last quarter.

Fidelity Momentum Factor ETF Stock Performance

Fidelity Momentum Factor ETF stock opened at $84.16 on Thursday. Fidelity Momentum Factor ETF has a 52 week low of $55.41 and a 52 week high of $85.97. The stock has a market capitalization of $563.87 million, a P/E ratio of 28.38 and a beta of 1.01. The stock has a fifty day moving average of $82.93 and a 200-day moving average of $77.50.

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.