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

First Heartland Consultants Inc. purchased a new stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,096 shares of the company’s stock, valued at approximately $2,764,000.

A number of other institutional investors also recently modified their holdings of FDMO. Envestnet Asset Management Inc. boosted its position in shares of Fidelity Momentum Factor ETF by 3.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,463,420 shares of the company’s stock worth $144,249,000 after buying an additional 48,587 shares during the period. Kestra Advisory Services LLC raised its position in Fidelity Momentum Factor ETF by 258.0% in the 1st quarter. Kestra Advisory Services LLC now owns 209,587 shares of the company’s stock valued at $16,788,000 after buying an additional 151,049 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 buying an additional 10,603 shares during the last quarter. 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 buying an additional 79,957 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in Fidelity Momentum Factor ETF by 1.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 70,980 shares of the company’s stock valued at $5,685,000 after acquiring an additional 895 shares in the last quarter.

Fidelity Momentum Factor ETF Stock Down 1.0%

NYSEARCA:FDMO opened at $95.69 on Friday. The company has a market cap of $880.35 million, a P/E ratio of 28.38 and a beta of 1.05. Fidelity Momentum Factor ETF has a twelve month low of $76.63 and a twelve month high of $98.87. The business has a 50 day moving average price of $95.03 and a two-hundred day moving average price of $92.75.

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.