World Investment Advisors Buys Shares of 5,884 Fidelity Momentum Factor ETF $FDMO

World Investment Advisors purchased a new stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,884 shares of the company’s stock, valued at approximately $494,000. World Investment Advisors owned about 0.08% of Fidelity Momentum Factor ETF as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FDMO. Great Lakes Retirement Inc. raised its holdings in Fidelity Momentum Factor ETF by 0.7% in the 4th quarter. Great Lakes Retirement Inc. now owns 229,207 shares of the company’s stock valued at $19,244,000 after buying an additional 1,645 shares during the period. Cetera Investment Advisers boosted its stake in Fidelity Momentum Factor ETF by 10.9% during the fourth quarter. Cetera Investment Advisers now owns 195,063 shares of the company’s stock worth $16,377,000 after buying an additional 19,229 shares during the period. Raymond James Financial Inc. increased its position in shares of Fidelity Momentum Factor ETF by 1.6% during the third quarter. Raymond James Financial Inc. now owns 132,268 shares of the company’s stock valued at $11,001,000 after acquiring an additional 2,109 shares during the last quarter. LPL Financial LLC increased its position in shares of Fidelity Momentum Factor ETF by 87.3% during the fourth quarter. LPL Financial LLC now owns 106,798 shares of the company’s stock valued at $8,967,000 after acquiring an additional 49,790 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Fidelity Momentum Factor ETF by 23.1% during the fourth 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 last quarter.

Fidelity Momentum Factor ETF Stock Performance

Fidelity Momentum Factor ETF stock opened at $95.80 on Wednesday. The company’s 50 day simple moving average is $92.94 and its 200-day simple moving average is $87.19. Fidelity Momentum Factor ETF has a 1 year low of $74.05 and a 1 year high of $98.86. The company has a market capitalization of $890.94 million, a price-to-earnings ratio of 28.38 and a beta of 1.05.

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.