Commonwealth Equity Services LLC Grows Position in Fidelity Momentum Factor ETF $FDMO

Commonwealth Equity Services LLC boosted its stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 23.1% during the 4th quarter, Holdings Channel reports. The firm owned 83,352 shares of the company’s stock after acquiring an additional 15,638 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Fidelity Momentum Factor ETF were worth $6,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of FDMO. Integrated Wealth Concepts LLC purchased a new stake in Fidelity Momentum Factor ETF during the 1st quarter worth approximately $450,000. NewEdge Advisors LLC grew its position in Fidelity Momentum Factor ETF by 7.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,341 shares of the company’s stock worth $803,000 after purchasing an additional 898 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Fidelity Momentum Factor ETF by 827.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,935 shares of the company’s stock worth $2,273,000 after purchasing an additional 31,170 shares during the last quarter. Jane Street Group LLC purchased a new stake in Fidelity Momentum Factor ETF during the 1st quarter worth approximately $2,329,000. Finally, JPMorgan Chase & Co. grew its position in Fidelity Momentum Factor ETF by 77.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 29,822 shares of the company’s stock worth $2,262,000 after purchasing an additional 13,035 shares during the last quarter.

Fidelity Momentum Factor ETF Trading Up 1.2%

NYSEARCA:FDMO opened at $93.74 on Tuesday. The company has a market cap of $871.78 million, a PE ratio of 28.38 and a beta of 1.05. Fidelity Momentum Factor ETF has a twelve month low of $72.35 and a twelve month high of $97.21. The company’s 50 day moving average is $89.74 and its two-hundred day moving average is $86.17.

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.