Fidelity Momentum Factor ETF (NYSEARCA:FDMO) Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC grew its stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 15.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,629 shares of the company’s stock after buying an additional 9,454 shares during the period. AE Wealth Management LLC owned 2.20% of Fidelity Momentum Factor ETF worth $4,564,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. purchased a new stake in Fidelity Momentum Factor ETF during the 2nd quarter worth about $32,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Fidelity Momentum Factor ETF by 4.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 27,708 shares of the company’s stock valued at $1,766,000 after buying an additional 1,221 shares during the last quarter. Prudential PLC lifted its stake in shares of Fidelity Momentum Factor ETF by 40.4% during the second quarter. Prudential PLC now owns 8,135 shares of the company’s stock valued at $518,000 after buying an additional 2,340 shares during the period. Sunbelt Securities Inc. acquired a new stake in Fidelity Momentum Factor ETF during the first quarter worth approximately $212,000. Finally, Stonehearth Capital Management LLC purchased a new stake in Fidelity Momentum Factor ETF in the 1st quarter worth approximately $217,000.

Fidelity Momentum Factor ETF Stock Up 0.3 %

Shares of Fidelity Momentum Factor ETF stock opened at $65.80 on Friday. Fidelity Momentum Factor ETF has a fifty-two week low of $44.80 and a fifty-two week high of $65.97. The business’s fifty day moving average is $63.08 and its two-hundred day moving average is $61.72. The firm has a market cap of $213.85 million, a PE ratio of 27.90 and a beta of 1.11.

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.