Kestra Investment Management LLC Buys Shares of 2,226 Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Kestra Investment Management LLC bought a new stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,226 shares of the company’s stock, valued at approximately $155,000. Kestra Investment Management LLC owned approximately 0.07% of Fidelity Momentum Factor ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Fidelity Momentum Factor ETF by 6.6% during the third quarter. JPMorgan Chase & Co. now owns 11,665 shares of the company’s stock valued at $772,000 after acquiring an additional 725 shares in the last quarter. Rehmann Capital Advisory Group increased its position in shares of Fidelity Momentum Factor ETF by 4.8% during the third quarter. Rehmann Capital Advisory Group now owns 17,588 shares of the company’s stock valued at $1,163,000 after acquiring an additional 804 shares in the last quarter. Rockefeller Capital Management L.P. increased its position 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 valued at $1,518,000 after acquiring an additional 1,198 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Fidelity Momentum Factor ETF by 21.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 17,749 shares of the company’s stock valued at $1,236,000 after acquiring an additional 3,181 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Fidelity Momentum Factor ETF during the third quarter valued at approximately $290,000.

Fidelity Momentum Factor ETF Stock Down 1.3 %

Shares of FDMO opened at $73.25 on Friday. The company has a market capitalization of $238.06 million, a P/E ratio of 27.90 and a beta of 1.11. The firm has a 50 day moving average of $71.92 and a 200 day moving average of $68.57. Fidelity Momentum Factor ETF has a twelve month low of $55.68 and a twelve month high of $74.53.

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.