Worth Asset Management LLC Acquires Shares of 6,441 Fidelity Momentum Factor ETF $FDMO

Worth Asset Management LLC purchased a new position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,441 shares of the company’s stock, valued at approximately $516,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Great Lakes Retirement Inc. lifted its stake in Fidelity Momentum Factor ETF by 0.7% in the 4th quarter. Great Lakes Retirement Inc. now owns 229,207 shares of the company’s stock valued at $19,244,000 after buying an additional 1,645 shares in the last quarter. Cetera Investment Advisers increased its stake in Fidelity Momentum Factor ETF by 10.9% during the 4th quarter. Cetera Investment Advisers now owns 195,063 shares of the company’s stock worth $16,377,000 after buying an additional 19,229 shares in the last quarter. Raymond James Financial Inc. increased its stake in Fidelity Momentum Factor ETF by 1.6% during the 3rd quarter. Raymond James Financial Inc. now owns 132,268 shares of the company’s stock worth $11,001,000 after buying an additional 2,109 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Fidelity Momentum Factor ETF by 87.3% during the fourth quarter. LPL Financial LLC now owns 106,798 shares of the company’s stock valued at $8,967,000 after acquiring an additional 49,790 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Fidelity Momentum Factor ETF by 23.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 83,352 shares of the company’s stock valued at $6,998,000 after acquiring an additional 15,638 shares during the last quarter.

Fidelity Momentum Factor ETF Price Performance

NYSEARCA FDMO opened at $98.56 on Tuesday. The company has a market cap of $916.61 million, a PE ratio of 28.38 and a beta of 1.05. The stock’s 50 day simple moving average is $92.72 and its 200-day simple moving average is $87.11. Fidelity Momentum Factor ETF has a 1-year low of $72.61 and a 1-year high of $98.86.

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.