JPMorgan Chase & Co. Purchases 725 Shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

JPMorgan Chase & Co. boosted its position in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 6.6% in the third quarter, Holdings Channel reports. The fund owned 11,665 shares of the company’s stock after acquiring an additional 725 shares during the period. JPMorgan Chase & Co.’s holdings in Fidelity Momentum Factor ETF were worth $772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FDMO. Darwin Wealth Management LLC bought a new position in shares of Fidelity Momentum Factor ETF in the third quarter worth about $290,000. Sunbelt Securities Inc. increased its position in Fidelity Momentum Factor ETF by 62.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,690 shares of the company’s stock worth $363,000 after buying an additional 2,178 shares during the period. Rehmann Capital Advisory Group increased its position in Fidelity Momentum Factor ETF by 4.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 17,588 shares of the company’s stock worth $1,163,000 after buying an additional 804 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Fidelity Momentum Factor ETF by 5.5% during the third quarter. Rockefeller Capital Management L.P. now owns 22,972 shares of the company’s stock worth $1,518,000 after buying an additional 1,198 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Fidelity Momentum Factor ETF by 4.4% in the second quarter. Cetera Investment Advisers now owns 81,612 shares of the company’s stock valued at $5,200,000 after acquiring an additional 3,459 shares during the period.

Fidelity Momentum Factor ETF Trading Down 0.4 %

Shares of Fidelity Momentum Factor ETF stock opened at $73.33 on Monday. Fidelity Momentum Factor ETF has a 1 year low of $54.50 and a 1 year high of $73.86. The company’s fifty day simple moving average is $71.44 and its 200-day simple moving average is $67.34. The company has a market cap of $238.32 million, a price-to-earnings ratio of 27.90 and a beta of 1.11.

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.