Citadel Advisors LLC purchased a new position in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,840 shares of the company’s stock, valued at approximately $1,167,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Worth Asset Management LLC acquired a new stake in shares of Fidelity Momentum Factor ETF in the first quarter valued at approximately $516,000. World Investment Advisors purchased a new position in shares of Fidelity Momentum Factor ETF during the fourth quarter worth approximately $494,000. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity Momentum Factor ETF by 23.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 83,352 shares of the company’s stock valued at $6,998,000 after acquiring an additional 15,638 shares during the period. Royal Bank of Canada increased its holdings in shares of Fidelity Momentum Factor ETF by 185.3% in the 1st quarter. Royal Bank of Canada now owns 43,528 shares of the company’s stock valued at $3,486,000 after acquiring an additional 28,269 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in Fidelity Momentum Factor ETF in the 2nd quarter valued at $1,502,000.
Fidelity Momentum Factor ETF Price Performance
Shares of NYSEARCA:FDMO opened at $93.89 on Friday. The stock has a market cap of $938.90 million, a P/E ratio of 28.38 and a beta of 1.05. The firm has a fifty day moving average price of $94.53 and a 200 day moving average price of $91.01. Fidelity Momentum Factor ETF has a 1-year low of $76.63 and a 1-year 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.
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