Fidelity Momentum Factor ETF $FDMO Stock Holdings Lessened by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC lowered its stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 11.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,811 shares of the company’s stock after selling 865 shares during the period. Sax Wealth Advisors LLC owned approximately 0.10% of Fidelity Momentum Factor ETF worth $517,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of FDMO. Inscription Capital LLC acquired a new stake in Fidelity Momentum Factor ETF during the 1st quarter valued at $399,000. Envestnet Portfolio Solutions Inc. raised its stake in Fidelity Momentum Factor ETF by 18.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 26,425 shares of the company’s stock valued at $1,719,000 after purchasing an additional 4,027 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Fidelity Momentum Factor ETF by 5.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 50,200 shares of the company’s stock valued at $3,266,000 after purchasing an additional 2,395 shares during the period. Colonial River Investments LLC acquired a new stake in Fidelity Momentum Factor ETF during the 1st quarter valued at $259,000. Finally, Envestnet Asset Management Inc. raised its stake in Fidelity Momentum Factor ETF by 10.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,165,063 shares of the company’s stock valued at $75,799,000 after purchasing an additional 110,353 shares during the period.

Fidelity Momentum Factor ETF Stock Up 0.8%

Shares of NYSEARCA:FDMO opened at $83.57 on Thursday. The company’s fifty day moving average is $80.46 and its two-hundred day moving average is $73.79. Fidelity Momentum Factor ETF has a 12-month low of $55.41 and a 12-month high of $83.68. The company has a market cap of $551.56 million, a P/E ratio of 28.38 and a beta of 0.96.

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.