Commonwealth Equity Services LLC Raises Stock Position in Fidelity Momentum Factor ETF $FDMO

Commonwealth Equity Services LLC lifted its position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 23.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,352 shares of the company’s stock after buying an additional 15,638 shares during the period. Commonwealth Equity Services LLC owned approximately 1.11% of Fidelity Momentum Factor ETF worth $6,998,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDMO. Strategic Blueprint LLC lifted its holdings in shares of Fidelity Momentum Factor ETF by 37.2% during the 4th quarter. Strategic Blueprint LLC now owns 32,812 shares of the company’s stock valued at $2,755,000 after purchasing an additional 8,898 shares during the last quarter. Elevation Capital Advisory LLC increased its position in Fidelity Momentum Factor ETF by 125.4% during the 4th quarter. Elevation Capital Advisory LLC now owns 52,354 shares of the company’s stock valued at $4,396,000 after buying an additional 29,127 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new stake in Fidelity Momentum Factor ETF in the third quarter valued at about $635,000. High Point Wealth Management LLC purchased a new stake in Fidelity Momentum Factor ETF in the fourth quarter valued at about $85,000. Finally, Assetmark Inc. raised its stake in Fidelity Momentum Factor ETF by 126,550.0% in the fourth quarter. Assetmark Inc. now owns 2,533 shares of the company’s stock valued at $213,000 after buying an additional 2,531 shares during the last quarter.

Fidelity Momentum Factor ETF Stock Performance

Fidelity Momentum Factor ETF stock opened at $93.74 on Tuesday. The stock has a 50-day moving average of $89.74 and a two-hundred day moving average of $86.17. Fidelity Momentum Factor ETF has a one year low of $72.35 and a one year high of $97.21. The stock has a market cap of $871.78 million, a PE ratio of 28.38 and a beta of 1.05.

About Fidelity Momentum Factor ETF

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.