Fidelity Momentum Factor ETF (NYSEARCA:FDMO) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 41.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,398 shares of the company’s stock after purchasing an additional 6,587 shares during the period. Envestnet Portfolio Solutions Inc. owned about 0.69% of Fidelity Momentum Factor ETF worth $1,559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC raised its position in Fidelity Momentum Factor ETF by 1,801.0% in the third quarter. FMR LLC now owns 1,276,097 shares of the company’s stock worth $84,404,000 after acquiring an additional 1,208,968 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Fidelity Momentum Factor ETF by 5.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 22,972 shares of the company’s stock worth $1,518,000 after acquiring an additional 1,198 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of Fidelity Momentum Factor ETF by 4.8% during the third 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Fidelity Momentum Factor ETF by 6.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,665 shares of the company’s stock valued at $772,000 after buying an additional 725 shares during the last quarter. Finally, Foundations Investment Advisors LLC bought a new stake in Fidelity Momentum Factor ETF in the fourth quarter valued at about $351,000.

Fidelity Momentum Factor ETF Trading Up 0.2 %

Shares of NYSEARCA:FDMO opened at $66.08 on Friday. Fidelity Momentum Factor ETF has a 52 week low of $56.22 and a 52 week high of $74.53. The firm’s 50 day moving average is $70.30 and its two-hundred day moving average is $69.20. The firm has a market capitalization of $518.73 million, a P/E ratio of 25.93 and a beta of 1.01.

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.