Commonwealth Equity Services LLC raised its holdings in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO – Free Report) by 26.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,714 shares of the company’s stock after purchasing an additional 14,358 shares during the quarter. Commonwealth Equity Services LLC owned 1.03% of Fidelity Momentum Factor ETF worth $5,632,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in Fidelity Momentum Factor ETF during the 2nd quarter valued at about $43,000. Twin Peaks Wealth Advisors LLC bought a new position in Fidelity Momentum Factor ETF in the 2nd quarter worth about $76,000. Farther Finance Advisors LLC purchased a new position in shares of Fidelity Momentum Factor ETF during the third quarter worth approximately $192,000. Dentgroup LLC bought a new stake in shares of Fidelity Momentum Factor ETF during the third quarter valued at approximately $239,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Fidelity Momentum Factor ETF during the second quarter valued at approximately $265,000.
Fidelity Momentum Factor ETF Stock Performance
Shares of NYSEARCA FDMO opened at $86.38 on Thursday. Fidelity Momentum Factor ETF has a 52-week low of $55.41 and a 52-week high of $87.48. The firm has a market capitalization of $630.57 million, a price-to-earnings ratio of 28.38 and a beta of 1.01. The stock has a 50 day moving average price of $84.09 and a 200 day moving average price of $81.53.
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.
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