Summit X LLC grew its position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 69.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 141,845 shares of the company’s stock after buying an additional 58,087 shares during the period. Fidelity Momentum Factor ETF accounts for about 2.6% of Summit X LLC’s portfolio, making the stock its 4th largest position. Summit X LLC owned approximately 4.89% of Fidelity Momentum Factor ETF worth $4,657,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. acquired a new stake in Fidelity Momentum Factor ETF in the 1st quarter worth approximately $206,000. Sunbelt Securities Inc. acquired a new stake in Fidelity Momentum Factor ETF in the 2nd quarter worth approximately $211,000. Global Financial Private Capital LLC acquired a new stake in Fidelity Momentum Factor ETF in the 2nd quarter worth approximately $494,000. Citadel Advisors LLC acquired a new stake in Fidelity Momentum Factor ETF in the 2nd quarter worth approximately $652,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Fidelity Momentum Factor ETF by 36.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,271 shares of the company’s stock worth $798,000 after purchasing an additional 6,695 shares in the last quarter.

FDMO stock opened at $35.06 on Monday. Fidelity Momentum Factor ETF has a 52 week low of $28.43 and a 52 week high of $35.48.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Monday, September 24th will be paid a $0.086 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 0.98%. This is a positive change from Fidelity Momentum Factor ETF’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, September 21st.

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Institutional Ownership by Quarter for Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

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