Marks Group Wealth Management Inc Acquires 79,957 Shares of Fidelity Momentum Factor ETF $FDMO

Marks Group Wealth Management Inc raised its holdings in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 1,548.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 85,120 shares of the company’s stock after buying an additional 79,957 shares during the period. Marks Group Wealth Management Inc owned 0.92% of Fidelity Momentum Factor ETF worth $6,818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FDMO. Great Lakes Retirement Inc. grew its holdings in shares of 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 acquiring an additional 1,645 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Fidelity Momentum Factor ETF by 258.0% in the first quarter. Kestra Advisory Services LLC now owns 209,587 shares of the company’s stock valued at $16,788,000 after acquiring an additional 151,049 shares during the last quarter. Cetera Investment Advisers raised its holdings 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 acquiring an additional 19,229 shares in the last quarter. Raymond James Financial Inc. raised its holdings in 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 worth $11,001,000 after acquiring an additional 2,109 shares in the last quarter. Finally, LPL Financial LLC boosted its position in 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 purchasing an additional 49,790 shares during the last quarter.

Fidelity Momentum Factor ETF Stock Performance

Shares of NYSEARCA FDMO opened at $95.67 on Thursday. The stock has a 50 day moving average price of $95.15 and a 200 day moving average price of $88.47. The stock has a market capitalization of $928.00 million, a PE ratio of 28.38 and a beta of 1.05. Fidelity Momentum Factor ETF has a 52 week low of $75.76 and a 52 week 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.