Cetera Investment Advisers Purchases 10,603 Shares of Fidelity Momentum Factor ETF $FDMO

Cetera Investment Advisers grew its position in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 5.4% during the first quarter, HoldingsChannel.com reports. The firm owned 205,666 shares of the company’s stock after purchasing an additional 10,603 shares during the period. Cetera Investment Advisers’ holdings in Fidelity Momentum Factor ETF were worth $16,474,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDMO. Integrated Wealth Concepts LLC acquired a new position in shares of Fidelity Momentum Factor ETF in the first quarter valued at approximately $450,000. NewEdge Advisors LLC boosted its position in Fidelity Momentum Factor ETF by 7.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,341 shares of the company’s stock worth $803,000 after buying an additional 898 shares during the period. Goldman Sachs Group Inc. boosted its position in Fidelity Momentum Factor ETF by 827.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,935 shares of the company’s stock worth $2,273,000 after buying an additional 31,170 shares during the period. Jane Street Group LLC bought a new stake in Fidelity Momentum Factor ETF during the 1st quarter worth approximately $2,329,000. Finally, JPMorgan Chase & Co. grew its holdings in Fidelity Momentum Factor ETF by 77.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 29,822 shares of the company’s stock worth $2,262,000 after acquiring an additional 13,035 shares during the last quarter.

Fidelity Momentum Factor ETF Stock Performance

Shares of NYSEARCA FDMO opened at $91.46 on Wednesday. Fidelity Momentum Factor ETF has a 52-week low of $76.22 and a 52-week high of $98.87. The firm has a 50 day moving average price of $95.17 and a two-hundred day moving average price of $89.00. The stock has a market cap of $914.60 million, a P/E ratio of 28.38 and a beta of 1.05.

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.