Fidelity Momentum Factor ETF $FDMO Shares Sold by First Heartland Consultants Inc.

First Heartland Consultants Inc. lowered its position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,981 shares of the company’s stock after selling 9,133 shares during the quarter. First Heartland Consultants Inc.’s holdings in Fidelity Momentum Factor ETF were worth $8,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Midwest Financial Network LLC boosted its holdings in shares of Fidelity Momentum Factor ETF by 46.7% in the second quarter. Midwest Financial Network LLC now owns 11,681 shares of the company’s stock valued at $1,151,000 after acquiring an additional 3,716 shares during the period. Western Wealth Management LLC acquired a new position in shares of Fidelity Momentum Factor ETF in the 1st quarter valued at $58,000. Royal Bank of Canada raised its position in 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 purchasing an additional 28,269 shares during the last quarter. Cetera Investment Advisers raised its position in Fidelity Momentum Factor ETF by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 205,666 shares of the company’s stock valued at $16,474,000 after purchasing an additional 10,603 shares during the last quarter. Finally, Marks Group Wealth Management Inc raised its position in Fidelity Momentum Factor ETF by 1,548.7% in the 1st quarter. Marks Group Wealth Management Inc now owns 85,120 shares of the company’s stock valued at $6,818,000 after purchasing an additional 79,957 shares during the last quarter.

Fidelity Momentum Factor ETF Price Performance

Shares of NYSEARCA:FDMO opened at $95.76 on Friday. Fidelity Momentum Factor ETF has a 1-year low of $76.63 and a 1-year high of $98.87. The stock has a market cap of $957.60 million, a P/E ratio of 28.38 and a beta of 1.05. The firm has a fifty day moving average price of $94.99 and a 200 day moving average price of $89.37.

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.