Stonehearth Capital Management LLC Purchases 6,326 Shares of Fidelity Momentum Factor ETF $FDMO

Stonehearth Capital Management LLC purchased a new stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,326 shares of the company’s stock, valued at approximately $601,000. Stonehearth Capital Management LLC owned 0.07% of Fidelity Momentum Factor ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Citadel Advisors LLC bought a new position in Fidelity Momentum Factor ETF in the 2nd quarter valued at about $1,167,000. Worth Asset Management LLC bought a new stake in shares of Fidelity Momentum Factor ETF during the 1st quarter worth about $516,000. World Investment Advisors bought a new stake in shares of Fidelity Momentum Factor ETF during the 4th quarter worth about $494,000. Royal Bank of Canada raised its position in shares of Fidelity Momentum Factor ETF by 185.3% during the 1st quarter. Royal Bank of Canada now owns 43,528 shares of the company’s stock worth $3,486,000 after buying an additional 28,269 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Fidelity Momentum Factor ETF by 3.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,463,420 shares of the company’s stock worth $144,249,000 after acquiring an additional 48,587 shares during the period.

Fidelity Momentum Factor ETF Trading Down 0.3%

Shares of NYSEARCA:FDMO opened at $95.12 on Wednesday. The company has a 50 day moving average of $95.15 and a 200-day moving average of $93.06. The firm has a market cap of $875.10 million, a P/E ratio of 28.38 and a beta of 1.05. Fidelity Momentum Factor ETF has a twelve month low of $76.63 and a twelve month high of $98.87.

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.