7,965 Shares in Fidelity Momentum Factor ETF $FDMO Purchased by Midwest Financial Network LLC

Midwest Financial Network LLC acquired a new position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,965 shares of the company’s stock, valued at approximately $638,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Advisory Services LLC boosted its position in shares of Fidelity Momentum Factor ETF by 258.0% in the 1st quarter. Kestra Advisory Services LLC now owns 209,587 shares of the company’s stock worth $16,788,000 after purchasing an additional 151,049 shares in the last quarter. Marks Group Wealth Management Inc increased its position in Fidelity Momentum Factor ETF by 1,548.7% during the 1st quarter. Marks Group Wealth Management Inc now owns 85,120 shares of the company’s stock valued at $6,818,000 after buying an additional 79,957 shares in the last quarter. LPL Financial LLC increased its position in Fidelity Momentum Factor ETF by 87.3% during the 4th quarter. LPL Financial LLC now owns 106,798 shares of the company’s stock valued at $8,967,000 after buying an additional 49,790 shares in the last quarter. NewEdge Advisors LLC increased its position in Fidelity Momentum Factor ETF by 373.9% during the 2nd quarter. NewEdge Advisors LLC now owns 58,485 shares of the company’s stock valued at $4,437,000 after buying an additional 46,144 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Fidelity Momentum Factor ETF during the first quarter valued at $2,329,000.

Fidelity Momentum Factor ETF Trading Up 0.6%

Fidelity Momentum Factor ETF stock opened at $92.14 on Friday. The business’s fifty day simple moving average is $95.01 and its two-hundred day simple moving average is $89.08. Fidelity Momentum Factor ETF has a 12 month low of $76.22 and a 12 month high of $98.87. The company has a market capitalization of $921.40 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.