Nova Wealth Management Inc. Sells 305 Shares of Fidelity Momentum Factor ETF $FDMO

Nova Wealth Management Inc. reduced its stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 3.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,568 shares of the company’s stock after selling 305 shares during the period. Nova Wealth Management Inc. owned about 0.15% of Fidelity Momentum Factor ETF worth $726,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of Fidelity Momentum Factor ETF by 31.4% during the fourth quarter. Bank of America Corp DE now owns 10,984 shares of the company’s stock valued at $765,000 after buying an additional 2,625 shares during the last quarter. Two Sigma Investments LP bought a new position in Fidelity Momentum Factor ETF during the 4th quarter valued at $613,000. Sunbelt Securities Inc. lifted its stake in Fidelity Momentum Factor ETF by 621.5% during the 4th quarter. Sunbelt Securities Inc. now owns 11,089 shares of the company’s stock valued at $778,000 after acquiring an additional 9,552 shares in the last quarter. Inscription Capital LLC purchased a new position in Fidelity Momentum Factor ETF during the 1st quarter worth $399,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Fidelity Momentum Factor ETF by 18.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 26,425 shares of the company’s stock worth $1,719,000 after acquiring an additional 4,027 shares in the last quarter.

Fidelity Momentum Factor ETF Price Performance

Shares of FDMO stock opened at $82.03 on Friday. The firm has a 50-day moving average of $78.29 and a 200-day moving average of $71.77. Fidelity Momentum Factor ETF has a one year low of $55.41 and a one year high of $82.19. The company has a market cap of $533.20 million, a P/E ratio of 28.38 and a beta of 0.96.

Fidelity Momentum Factor ETF Company 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.