Citadel Advisors LLC Takes Position in Fidelity Momentum Factor ETF $FDMO

Citadel Advisors LLC bought a new position in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,840 shares of the company’s stock, valued at approximately $1,167,000. Citadel Advisors LLC owned approximately 0.12% of Fidelity Momentum Factor ETF as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its holdings in Fidelity Momentum Factor ETF by 258.0% in the first quarter. Kestra Advisory Services LLC now owns 209,587 shares of the company’s stock valued at $16,788,000 after purchasing an additional 151,049 shares in the last quarter. Marks Group Wealth Management Inc raised its holdings in Fidelity Momentum Factor ETF by 1,548.7% during the first quarter. Marks Group Wealth Management Inc now owns 85,120 shares of the company’s stock worth $6,818,000 after purchasing an additional 79,957 shares in the last quarter. LPL Financial LLC lifted its position in shares of Fidelity Momentum Factor ETF by 87.3% during the 4th quarter. LPL Financial LLC now owns 106,798 shares of the company’s stock worth $8,967,000 after buying an additional 49,790 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Fidelity Momentum Factor ETF by 373.9% during the 2nd quarter. NewEdge Advisors LLC now owns 58,485 shares of the company’s stock worth $4,437,000 after buying an additional 46,144 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Fidelity Momentum Factor ETF in the 1st quarter valued at $2,329,000.

Fidelity Momentum Factor ETF Price Performance

NYSEARCA FDMO opened at $93.89 on Friday. The firm’s fifty day moving average price is $94.53 and its 200 day moving average price is $91.01. The company has a market capitalization of $938.90 million, a price-to-earnings ratio of 28.38 and a beta of 1.05. Fidelity Momentum Factor ETF has a 12 month low of $76.63 and a 12 month high of $98.87.

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.