Great Lakes Retirement Inc. Sells 4,008 Shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Great Lakes Retirement Inc. decreased its position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,520 shares of the company’s stock after selling 4,008 shares during the period. Fidelity Momentum Factor ETF accounts for approximately 2.0% of Great Lakes Retirement Inc.’s investment portfolio, making the stock its 10th largest position. Great Lakes Retirement Inc. owned 7.00% of Fidelity Momentum Factor ETF worth $15,838,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in Fidelity Momentum Factor ETF in the third quarter valued at approximately $290,000. Foundations Investment Advisors LLC purchased a new stake in shares of Fidelity Momentum Factor ETF in the 4th quarter valued at $351,000. JPMorgan Chase & Co. lifted its stake 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 worth $772,000 after acquiring an additional 725 shares in the last quarter. 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. Finally, 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.

Fidelity Momentum Factor ETF Stock Performance

NYSEARCA FDMO opened at $73.24 on Wednesday. The firm has a 50 day simple moving average of $71.72 and a 200-day simple moving average of $68.03. Fidelity Momentum Factor ETF has a one year low of $55.68 and a one year high of $74.10. The firm has a market cap of $238.03 million, a price-to-earnings ratio of 27.90 and a beta of 1.11.

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.