Kestra Advisory Services LLC Purchases 151,049 Shares of Fidelity Momentum Factor ETF $FDMO

Kestra Advisory Services LLC raised its position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 258.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 209,587 shares of the company’s stock after buying an additional 151,049 shares during the period. Kestra Advisory Services LLC owned 2.25% of Fidelity Momentum Factor ETF worth $16,788,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Fidelity Momentum Factor ETF during the first quarter worth approximately $450,000. NewEdge Advisors LLC boosted its holdings in shares of Fidelity Momentum Factor ETF by 7.8% in the 1st quarter. NewEdge Advisors LLC now owns 12,341 shares of the company’s stock worth $803,000 after acquiring an additional 898 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Fidelity Momentum Factor ETF by 827.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,935 shares of the company’s stock worth $2,273,000 after acquiring an additional 31,170 shares during the last quarter. Jane Street Group LLC bought a new stake in Fidelity Momentum Factor ETF during the 1st quarter worth approximately $2,329,000. Finally, JPMorgan Chase & Co. grew its position in Fidelity Momentum Factor ETF by 77.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 29,822 shares of the company’s stock worth $2,262,000 after acquiring an additional 13,035 shares during the last quarter.

Fidelity Momentum Factor ETF Stock Up 0.4%

FDMO stock traded up $0.38 during midday trading on Friday, reaching $96.45. 47,714 shares of the company’s stock traded hands, compared to its average volume of 65,405. The company has a 50-day simple moving average of $94.91 and a two-hundred day simple moving average of $88.24. Fidelity Momentum Factor ETF has a 1-year low of $75.67 and a 1-year high of $98.87. The company has a market cap of $935.57 million, a price-to-earnings ratio of 28.38 and a beta of 1.05.

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.