Capital Investment Counsel Inc Acquires New Position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Capital Investment Counsel Inc acquired a new stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) during the 4th quarter, Holdings Channel.com reports. The firm acquired 2,360 shares of the company’s stock, valued at approximately $164,000.

Several other large investors have also bought and sold shares of FDMO. Kestra Investment Management LLC acquired a new position in Fidelity Momentum Factor ETF in the fourth quarter valued at approximately $155,000. Darwin Wealth Management LLC acquired a new position in Fidelity Momentum Factor ETF in the third quarter valued at approximately $290,000. Foundations Investment Advisors LLC acquired a new stake in Fidelity Momentum Factor ETF in the fourth quarter worth $351,000. JPMorgan Chase & Co. raised its holdings in Fidelity Momentum Factor ETF by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 11,665 shares of the company’s stock worth $772,000 after purchasing an additional 725 shares during the period. Finally, Rehmann Capital Advisory Group raised its holdings in Fidelity Momentum Factor ETF by 4.8% in the third quarter. Rehmann Capital Advisory Group now owns 17,588 shares of the company’s stock worth $1,163,000 after purchasing an additional 804 shares during the period.

Fidelity Momentum Factor ETF Stock Performance

FDMO opened at $71.37 on Friday. The firm’s fifty day moving average is $71.94 and its two-hundred day moving average is $68.60. The firm has a market cap of $231.95 million, a PE ratio of 27.90 and a beta of 1.11. Fidelity Momentum Factor ETF has a twelve month low of $56.22 and a twelve month high of $74.53.

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.