Sunbelt Securities Inc. Buys 2,178 Shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Sunbelt Securities Inc. grew its stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 62.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,690 shares of the company’s stock after buying an additional 2,178 shares during the period. Sunbelt Securities Inc.’s holdings in Fidelity Momentum Factor ETF were worth $363,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. AE Wealth Management LLC increased its position in Fidelity Momentum Factor ETF by 15.2% during the 2nd quarter. AE Wealth Management LLC now owns 71,629 shares of the company’s stock valued at $4,564,000 after purchasing an additional 9,454 shares during the period. Envestnet Asset Management Inc. boosted its position in Fidelity Momentum Factor ETF by 15.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,038,484 shares of the company’s stock valued at $66,172,000 after acquiring an additional 140,985 shares during the last quarter. Prudential PLC grew its holdings in Fidelity Momentum Factor ETF by 40.4% during the 2nd quarter. Prudential PLC now owns 8,135 shares of the company’s stock worth $518,000 after acquiring an additional 2,340 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Fidelity Momentum Factor ETF in the 2nd quarter valued at about $32,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Fidelity Momentum Factor ETF by 25.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 53,735 shares of the company’s stock valued at $3,424,000 after purchasing an additional 10,731 shares in the last quarter.

Fidelity Momentum Factor ETF Price Performance

NYSEARCA FDMO opened at $65.49 on Wednesday. The stock has a market capitalization of $212.84 million, a P/E ratio of 27.90 and a beta of 1.11. Fidelity Momentum Factor ETF has a one year low of $44.80 and a one year high of $66.84. The business has a 50 day simple moving average of $63.33 and a 200 day simple moving average of $62.08.

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.