Royal Bank of Canada Buys 28,269 Shares of Fidelity Momentum Factor ETF $FDMO

Royal Bank of Canada raised its position in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 185.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,528 shares of the company’s stock after purchasing an additional 28,269 shares during the period. Royal Bank of Canada owned 0.47% of Fidelity Momentum Factor ETF worth $3,486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Blueprint LLC lifted its position 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 buying an additional 8,898 shares during the last quarter. Worth Asset Management LLC bought a new position in shares of Fidelity Momentum Factor ETF during the 1st quarter worth $516,000. World Investment Advisors bought a new position in shares of Fidelity Momentum Factor ETF during the 4th quarter worth $494,000. Commonwealth Equity Services LLC increased its holdings in Fidelity Momentum Factor ETF by 23.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 83,352 shares of the company’s stock worth $6,998,000 after acquiring an additional 15,638 shares during the last quarter. Finally, Mosley Wealth Management purchased a new stake in Fidelity Momentum Factor ETF in the 4th quarter worth about $618,000.

Fidelity Momentum Factor ETF Stock Performance

Shares of Fidelity Momentum Factor ETF stock opened at $96.89 on Friday. Fidelity Momentum Factor ETF has a 52-week low of $76.63 and a 52-week high of $98.87. The stock’s 50-day simple moving average is $95.02 and its 200 day simple moving average is $89.70. The stock has a market capitalization of $968.90 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.