Prudential PLC Acquires 12,490 Shares of Fidelity Momentum Factor ETF $FDMO

Prudential PLC grew its holdings in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 84.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,355 shares of the company’s stock after purchasing an additional 12,490 shares during the quarter. Prudential PLC owned about 0.42% of Fidelity Momentum Factor ETF worth $2,075,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its position in Fidelity Momentum Factor ETF by 1.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,985 shares of the company’s stock worth $1,672,000 after buying an additional 244 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Fidelity Momentum Factor ETF in the 2nd quarter valued at about $43,000. NewEdge Advisors LLC raised its stake in shares of Fidelity Momentum Factor ETF by 7.8% in the first quarter. NewEdge Advisors LLC now owns 12,341 shares of the company’s stock worth $803,000 after acquiring an additional 898 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of Fidelity Momentum Factor ETF by 13.9% during the second quarter. Cullen Frost Bankers Inc. now owns 8,384 shares of the company’s stock worth $636,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its position in shares of Fidelity Momentum Factor ETF by 53.4% during the first quarter. Kestra Investment Management LLC now owns 3,415 shares of the company’s stock worth $222,000 after purchasing an additional 1,189 shares in the last quarter.

Fidelity Momentum Factor ETF Price Performance

Shares of Fidelity Momentum Factor ETF stock opened at $79.69 on Friday. The firm has a market cap of $533.92 million, a P/E ratio of 28.38 and a beta of 1.01. The firm has a 50 day simple moving average of $82.94 and a 200 day simple moving average of $78.19. Fidelity Momentum Factor ETF has a fifty-two week low of $55.41 and a fifty-two week high of $85.97.

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.