Commonwealth Equity Services LLC Increases Stock Holdings in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Commonwealth Equity Services LLC increased its stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 87.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,332 shares of the company’s stock after acquiring an additional 19,278 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Fidelity Momentum Factor ETF were worth $2,877,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FDMO. FMR LLC grew its position in shares of Fidelity Momentum Factor ETF by 1,801.0% in the third quarter. FMR LLC now owns 1,276,097 shares of the company’s stock valued at $84,404,000 after purchasing an additional 1,208,968 shares during the period. Raymond James Financial Inc. purchased a new position in Fidelity Momentum Factor ETF in the 4th quarter valued at about $7,223,000. Kestra Private Wealth Services LLC boosted its holdings in Fidelity Momentum Factor ETF by 129.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 51,714 shares of the company’s stock worth $3,600,000 after buying an additional 29,210 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in Fidelity Momentum Factor ETF during the 4th quarter worth approximately $2,455,000. Finally, Rockefeller Capital Management L.P. increased its stake in Fidelity Momentum Factor ETF by 5.5% during the 3rd 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 in the last quarter.

Fidelity Momentum Factor ETF Price Performance

NYSEARCA FDMO opened at $68.03 on Wednesday. The stock’s 50 day simple moving average is $70.24 and its 200-day simple moving average is $69.39. The company has a market cap of $534.04 million, a PE ratio of 25.93 and a beta of 1.01. Fidelity Momentum Factor ETF has a 1-year low of $56.22 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.