77,253 Shares of Fidelity Momentum Factor ETF $FDMO Purchased by MGO One Seven LLC

MGO One Seven LLC acquired a new stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) in the 3rd quarter, Holdings Channel reports. The fund acquired 77,253 shares of the company’s stock, valued at approximately $7,339,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in Fidelity Momentum Factor ETF by 3.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,463,420 shares of the company’s stock worth $144,249,000 after purchasing an additional 48,587 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Fidelity Momentum Factor ETF by 258.0% during the 1st quarter. Kestra Advisory Services LLC now owns 209,587 shares of the company’s stock valued at $16,788,000 after purchasing an additional 151,049 shares in the last quarter. Cetera Investment Advisers increased its stake in Fidelity Momentum Factor ETF by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 205,666 shares of the company’s stock valued at $16,474,000 after purchasing an additional 10,603 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Fidelity Momentum Factor ETF in the third quarter worth $8,627,000. Finally, Mosley Wealth Management raised its holdings in shares of Fidelity Momentum Factor ETF by 4.5% in the third quarter. Mosley Wealth Management now owns 90,977 shares of the company’s stock worth $8,488,000 after buying an additional 3,914 shares during the last quarter.

Fidelity Momentum Factor ETF Stock Performance

NYSEARCA:FDMO opened at $89.89 on Monday. Fidelity Momentum Factor ETF has a 12 month low of $76.63 and a 12 month high of $98.87. The firm has a fifty day simple moving average of $94.18 and a 200-day simple moving average of $90.80. The company has a market capitalization of $826.99 million, a P/E ratio of 28.38 and a beta of 1.05.

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.