Fidelity Momentum Factor ETF $FDMO Stake Decreased by Kestra Advisory Services LLC

Kestra Advisory Services LLC trimmed its position in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 78.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,024 shares of the company’s stock after selling 175,890 shares during the period. Kestra Advisory Services LLC owned approximately 0.53% of Fidelity Momentum Factor ETF worth $4,657,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC bought a new stake in shares of Fidelity Momentum Factor ETF in the 3rd quarter valued at approximately $6,712,000. MGO One Seven LLC acquired a new stake in shares of Fidelity Momentum Factor ETF during the third quarter worth approximately $7,339,000. Latitude Advisors LLC bought a new stake in Fidelity Momentum Factor ETF during the 3rd quarter worth approximately $54,000. Curry Webb Wealth Management LLC bought a new position in Fidelity Momentum Factor ETF in the 3rd quarter valued at $145,000. Finally, Fifth Third Securities Inc. bought a new stake in shares of Fidelity Momentum Factor ETF during the third quarter worth $1,294,000.

Fidelity Momentum Factor ETF Stock Down 0.7%

Shares of NYSEARCA:FDMO opened at $89.01 on Friday. The firm has a market cap of $809.99 million, a P/E ratio of 21.45 and a beta of 1.06. Fidelity Momentum Factor ETF has a 12 month low of $76.63 and a 12 month high of $98.87. The company’s 50-day moving average price is $93.09 and its two-hundred day moving average price is $90.87.

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.