Envestnet Portfolio Solutions Inc. Sells 12,370 Shares of Fidelity Momentum Factor ETF $FDMO

Envestnet Portfolio Solutions Inc. cut its stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 42.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,506 shares of the company’s stock after selling 12,370 shares during the period. Envestnet Portfolio Solutions Inc. owned about 0.25% of Fidelity Momentum Factor ETF worth $1,373,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in Fidelity Momentum Factor ETF in the 2nd quarter worth about $43,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Fidelity Momentum Factor ETF during the second quarter valued at about $76,000. Farther Finance Advisors LLC bought a new stake in shares of Fidelity Momentum Factor ETF during the third quarter worth about $192,000. Nwam LLC acquired a new position in shares of Fidelity Momentum Factor ETF in the third quarter valued at approximately $227,000. Finally, Dentgroup LLC bought a new position in Fidelity Momentum Factor ETF in the 3rd quarter valued at approximately $239,000.

Fidelity Momentum Factor ETF Price Performance

NYSEARCA:FDMO opened at $87.87 on Wednesday. The firm’s 50 day simple moving average is $84.79 and its 200 day simple moving average is $82.27. Fidelity Momentum Factor ETF has a one year low of $55.41 and a one year high of $87.96. The company has a market cap of $650.24 million, a PE ratio of 28.38 and a beta of 1.01.

Fidelity Momentum Factor ETF Company 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.