Fidelity Momentum Factor ETF (NYSEARCA:FDMO) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. cut its holdings in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 73.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,537 shares of the company’s stock after selling 4,153 shares during the period. Sunbelt Securities Inc.’s holdings in Fidelity Momentum Factor ETF were worth $102,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FDMO. FMR LLC increased its stake in Fidelity Momentum Factor ETF by 1,801.0% during the 3rd quarter. FMR LLC now owns 1,276,097 shares of the company’s stock worth $84,404,000 after buying an additional 1,208,968 shares during the period. Raymond James & Associates increased its position in shares of Fidelity Momentum Factor ETF by 120.6% during the second quarter. Raymond James & Associates now owns 49,679 shares of the company’s stock worth $3,166,000 after acquiring an additional 27,158 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Fidelity Momentum Factor ETF by 25.0% in the second quarter. Commonwealth Equity Services LLC now owns 53,735 shares of the company’s stock valued at $3,424,000 after purchasing an additional 10,731 shares during the period. Legacy Capital Group California Inc. purchased a new position in Fidelity Momentum Factor ETF in the second quarter valued at $295,000. Finally, Cetera Advisors LLC acquired a new position in Fidelity Momentum Factor ETF during the 1st quarter worth $231,000.

Fidelity Momentum Factor ETF Price Performance

FDMO stock opened at $72.26 on Friday. The business’s 50-day moving average is $69.71 and its two-hundred day moving average is $65.66. The firm has a market capitalization of $234.85 million, a P/E ratio of 27.90 and a beta of 1.11. Fidelity Momentum Factor ETF has a 1 year low of $51.55 and a 1 year high of $73.43.

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.