Great Lakes Retirement Inc. Buys 1,797 Shares of Fidelity Momentum Factor ETF $FDMO

Great Lakes Retirement Inc. raised its stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 228,747 shares of the company’s stock after purchasing an additional 1,797 shares during the period. Fidelity Momentum Factor ETF accounts for approximately 2.1% of Great Lakes Retirement Inc.’s holdings, making the stock its 11th biggest position. Great Lakes Retirement Inc. owned 3.52% of Fidelity Momentum Factor ETF worth $17,353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FDMO. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Momentum Factor ETF by 10.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,165,063 shares of the company’s stock valued at $75,799,000 after purchasing an additional 110,353 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Fidelity Momentum Factor ETF by 38.3% during the 1st quarter. Cetera Investment Advisers now owns 132,685 shares of the company’s stock valued at $8,632,000 after purchasing an additional 36,748 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Fidelity Momentum Factor ETF during the 1st quarter valued at about $2,329,000. OLD Mission Capital LLC bought a new position in shares of Fidelity Momentum Factor ETF during the 1st quarter valued at about $2,057,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Fidelity Momentum Factor ETF by 827.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,935 shares of the company’s stock valued at $2,273,000 after purchasing an additional 31,170 shares during the last quarter.

Fidelity Momentum Factor ETF Stock Up 0.7%

FDMO opened at $85.10 on Friday. The firm has a 50-day simple moving average of $82.16 and a two-hundred day simple moving average of $76.22. Fidelity Momentum Factor ETF has a 52 week low of $55.41 and a 52 week high of $85.97. The company has a market capitalization of $570.17 million, a PE ratio of 28.38 and a beta of 1.01.

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.