Fifth Third Securities Inc. purchased a new stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 13,621 shares of the company’s stock, valued at approximately $1,294,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new position in Fidelity Momentum Factor ETF in the 1st quarter valued at $58,000. SteelPeak Wealth LLC acquired a new stake in shares of Fidelity Momentum Factor ETF during the third quarter worth $212,000. Rockland Trust Co. acquired a new stake in shares of Fidelity Momentum Factor ETF during the second quarter worth $319,000. Stonehearth Capital Management LLC acquired a new stake in shares of Fidelity Momentum Factor ETF during the third quarter worth $601,000. Finally, Midwest Financial Network LLC bought a new stake in shares of Fidelity Momentum Factor ETF in the first quarter valued at about $638,000.
Fidelity Momentum Factor ETF Stock Performance
Shares of Fidelity Momentum Factor ETF stock opened at $90.73 on Friday. The firm has a 50-day moving average of $94.71 and a 200-day moving average of $93.70. The stock has a market cap of $834.72 million, a PE ratio of 28.38 and a beta of 1.05. Fidelity Momentum Factor ETF has a 52-week low of $76.63 and a 52-week high of $98.87.
About Fidelity Momentum Factor ETF
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.
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