Foundations Investment Advisors LLC Acquires Shares of 5,047 Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Foundations Investment Advisors LLC bought a new position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) during the 4th quarter, Holdings Channel.com reports. The fund bought 5,047 shares of the company’s stock, valued at approximately $351,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cetera Investment Advisers increased its holdings in Fidelity Momentum Factor ETF by 4.4% in the 2nd quarter. Cetera Investment Advisers now owns 81,612 shares of the company’s stock valued at $5,200,000 after acquiring an additional 3,459 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Fidelity Momentum Factor ETF during the third quarter valued at about $665,080,000. Darwin Wealth Management LLC bought a new stake in shares of Fidelity Momentum Factor ETF in the third quarter worth about $290,000. FMR LLC lifted its position in shares of Fidelity Momentum Factor ETF by 1,801.0% in the third quarter. FMR LLC now owns 1,276,097 shares of the company’s stock worth $84,404,000 after buying an additional 1,208,968 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Fidelity Momentum Factor ETF by 5.5% during the third quarter. Rockefeller Capital Management L.P. now owns 22,972 shares of the company’s stock valued at $1,518,000 after buying an additional 1,198 shares during the last quarter.

Fidelity Momentum Factor ETF Price Performance

NYSEARCA FDMO opened at $72.40 on Friday. The stock has a market capitalization of $235.30 million, a PE ratio of 27.90 and a beta of 1.11. Fidelity Momentum Factor ETF has a 1-year low of $54.50 and a 1-year high of $73.86. The business has a 50 day simple moving average of $71.56 and a two-hundred day simple moving average of $67.52.

About Fidelity Momentum Factor ETF

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.