Marks Group Wealth Management Inc Has $6.82 Million Holdings in Fidelity Momentum Factor ETF $FDMO

Marks Group Wealth Management Inc raised its position in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 1,548.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,120 shares of the company’s stock after acquiring an additional 79,957 shares during the period. Marks Group Wealth Management Inc’s holdings in Fidelity Momentum Factor ETF were worth $6,818,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Valmark Advisers Inc. increased its stake in shares of Fidelity Momentum Factor ETF by 96.5% during the first quarter. Valmark Advisers Inc. now owns 9,914 shares of the company’s stock worth $794,000 after purchasing an additional 4,868 shares during the period. Kestra Advisory Services LLC grew its holdings in Fidelity Momentum Factor ETF by 258.0% in the 1st quarter. Kestra Advisory Services LLC now owns 209,587 shares of the company’s stock valued at $16,788,000 after buying an additional 151,049 shares in the last quarter. RCS Financial Planning LLC acquired a new position in Fidelity Momentum Factor ETF in the 1st quarter valued at $712,000. Kestra Private Wealth Services LLC grew its holdings in Fidelity Momentum Factor ETF by 1.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 70,980 shares of the company’s stock valued at $5,685,000 after buying an additional 895 shares in the last quarter. Finally, Worth Asset Management LLC bought a new position in Fidelity Momentum Factor ETF during the 1st quarter worth $516,000.

Fidelity Momentum Factor ETF Stock Performance

FDMO opened at $95.67 on Thursday. Fidelity Momentum Factor ETF has a fifty-two week low of $75.76 and a fifty-two week high of $98.87. The company has a market capitalization of $928.00 million, a P/E ratio of 28.38 and a beta of 1.05. The stock has a fifty day moving average of $95.15 and a 200-day moving average of $88.47.

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.