Inscription Capital LLC Makes New $399,000 Investment in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Inscription Capital LLC bought a new stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,610 shares of the company’s stock, valued at approximately $399,000. Inscription Capital LLC owned approximately 0.10% of Fidelity Momentum Factor ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. IFP Advisors Inc purchased a new stake in shares of Fidelity Momentum Factor ETF in the 4th quarter worth approximately $51,000. JPMorgan Chase & Co. boosted its holdings in Fidelity Momentum Factor ETF by 24.4% in the fourth quarter. JPMorgan Chase & Co. now owns 14,509 shares of the company’s stock worth $1,010,000 after acquiring an additional 2,844 shares in the last quarter. Bank of America Corp DE boosted its holdings in Fidelity Momentum Factor ETF by 31.4% in the fourth quarter. Bank of America Corp DE now owns 10,984 shares of the company’s stock worth $765,000 after acquiring an additional 2,625 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Fidelity Momentum Factor ETF in the fourth quarter worth $613,000. Finally, LPL Financial LLC increased its holdings in shares of Fidelity Momentum Factor ETF by 13.9% during the fourth quarter. LPL Financial LLC now owns 21,854 shares of the company’s stock valued at $1,521,000 after acquiring an additional 2,673 shares in the last quarter.

Fidelity Momentum Factor ETF Price Performance

FDMO opened at $72.82 on Wednesday. The firm has a market cap of $469.69 million, a PE ratio of 27.24 and a beta of 1.02. The stock has a 50-day moving average price of $68.73 and a 200-day moving average price of $69.33. Fidelity Momentum Factor ETF has a 1 year low of $55.41 and a 1 year high of $74.53.

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.