Cetera Investment Advisers Has $16.47 Million Holdings in Fidelity Momentum Factor ETF $FDMO

Cetera Investment Advisers raised its holdings in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,666 shares of the company’s stock after acquiring an additional 10,603 shares during the period. Cetera Investment Advisers owned about 2.21% of Fidelity Momentum Factor ETF worth $16,474,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FDMO. Kestra Advisory Services LLC lifted its holdings 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 worth $16,788,000 after acquiring an additional 151,049 shares during the last quarter. Marks Group Wealth Management Inc grew its holdings in shares of Fidelity Momentum Factor ETF by 1,548.7% during 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. LPL Financial LLC increased its position in Fidelity Momentum Factor ETF by 87.3% during the 4th quarter. LPL Financial LLC now owns 106,798 shares of the company’s stock worth $8,967,000 after purchasing an additional 49,790 shares in the last quarter. NewEdge Advisors LLC increased its position in Fidelity Momentum Factor ETF by 373.9% during the 2nd quarter. NewEdge Advisors LLC now owns 58,485 shares of the company’s stock worth $4,437,000 after purchasing an additional 46,144 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Fidelity Momentum Factor ETF in the 1st quarter valued at approximately $2,329,000.

Fidelity Momentum Factor ETF Price Performance

Shares of NYSEARCA:FDMO opened at $91.46 on Wednesday. Fidelity Momentum Factor ETF has a one year low of $76.22 and a one year high of $98.87. The company has a market cap of $914.60 million, a price-to-earnings ratio of 28.38 and a beta of 1.05. The firm has a 50 day simple moving average of $95.17 and a 200 day simple moving average of $89.00.

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.