Absolute Capital Management LLC Buys New Holdings in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Absolute Capital Management LLC bought a new stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,400 shares of the company’s stock, valued at approximately $1,281,000. Absolute Capital Management LLC owned 0.57% of Fidelity Momentum Factor ETF at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in Fidelity Momentum Factor ETF by 6.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,665 shares of the company’s stock valued at $772,000 after acquiring an additional 725 shares during the period. IFP Advisors Inc purchased a new stake in Fidelity Momentum Factor ETF during the 4th quarter valued at about $51,000. Rehmann Capital Advisory Group boosted its holdings in Fidelity Momentum Factor ETF by 4.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 17,588 shares of the company’s stock valued at $1,163,000 after acquiring an additional 804 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Fidelity Momentum Factor ETF by 5.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 22,972 shares of the company’s stock valued at $1,518,000 after acquiring an additional 1,198 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its holdings in Fidelity Momentum Factor ETF by 130.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 2,744 shares of the company’s stock valued at $191,000 after acquiring an additional 1,552 shares during the period.

Fidelity Momentum Factor ETF Stock Performance

NYSEARCA FDMO opened at $65.93 on Friday. Fidelity Momentum Factor ETF has a fifty-two week low of $56.22 and a fifty-two week high of $74.53. The stock has a 50 day simple moving average of $70.37 and a two-hundred day simple moving average of $69.19. The stock has a market cap of $517.55 million, a P/E ratio of 25.93 and a beta of 1.01.

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.