Midwest Financial Network LLC acquired a new stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,965 shares of the company’s stock, valued at approximately $638,000. Midwest Financial Network LLC owned 0.09% of Fidelity Momentum Factor ETF at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in FDMO. Western Wealth Management LLC purchased a new stake in shares of Fidelity Momentum Factor ETF in the 1st quarter worth about $58,000. Royal Bank of Canada increased its position in shares of Fidelity Momentum Factor ETF by 185.3% during the first quarter. Royal Bank of Canada now owns 43,528 shares of the company’s stock valued at $3,486,000 after buying an additional 28,269 shares during the period. Cetera Investment Advisers raised its stake in Fidelity Momentum Factor ETF by 5.4% in the first quarter. Cetera Investment Advisers now owns 205,666 shares of the company’s stock worth $16,474,000 after buying an additional 10,603 shares in the last quarter. Marks Group Wealth Management Inc raised its stake in Fidelity Momentum Factor ETF by 1,548.7% in the first quarter. Marks Group Wealth Management Inc now owns 85,120 shares of the company’s stock worth $6,818,000 after buying an additional 79,957 shares in the last quarter. Finally, Valmark Advisers Inc. raised its stake in Fidelity Momentum Factor ETF by 96.5% in the first quarter. Valmark Advisers Inc. now owns 9,914 shares of the company’s stock worth $794,000 after buying an additional 4,868 shares in the last quarter.
Fidelity Momentum Factor ETF Stock Performance
FDMO stock opened at $92.14 on Friday. Fidelity Momentum Factor ETF has a fifty-two week low of $76.22 and a fifty-two week high of $98.87. The business’s 50 day moving average price is $95.01 and its two-hundred day moving average price is $89.08. The company has a market capitalization of $921.40 million, a price-to-earnings ratio of 28.38 and a beta of 1.05.
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.
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