Kestra Advisory Services LLC Buys 151,049 Shares of Fidelity Momentum Factor ETF $FDMO

Kestra Advisory Services LLC raised its stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 258.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,587 shares of the company’s stock after acquiring an additional 151,049 shares during the quarter. Kestra Advisory Services LLC’s holdings in Fidelity Momentum Factor ETF were worth $16,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FDMO. Russell Investments Group Ltd. bought a new stake in shares of Fidelity Momentum Factor ETF during the fourth quarter valued at approximately $26,000. Larson Financial Group LLC bought a new position in Fidelity Momentum Factor ETF in the 3rd quarter worth approximately $50,000. CWM LLC lifted its holdings in Fidelity Momentum Factor ETF by 4,392.9% during the 4th quarter. CWM LLC now owns 629 shares of the company’s stock worth $53,000 after buying an additional 615 shares in the last quarter. IFP Advisors Inc lifted its holdings in Fidelity Momentum Factor ETF by 27.7% during the 3rd quarter. IFP Advisors Inc now owns 1,020 shares of the company’s stock worth $85,000 after buying an additional 221 shares in the last quarter. Finally, High Point Wealth Management LLC bought a new position in Fidelity Momentum Factor ETF in the 4th quarter valued at $85,000.

Fidelity Momentum Factor ETF Stock Performance

FDMO traded up $0.38 during mid-day trading on Friday, reaching $96.45. The stock had a trading volume of 47,714 shares, compared to its average volume of 65,405. The firm’s fifty day simple moving average is $94.91 and its two-hundred day simple moving average is $88.24. The stock has a market capitalization of $935.57 million, a P/E ratio of 28.38 and a beta of 1.05. Fidelity Momentum Factor ETF has a 52 week low of $75.67 and a 52 week high of $98.87.

Fidelity Momentum Factor ETF 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.