World Investment Advisors Acquires New Stake in Fidelity Momentum Factor ETF $FDMO

World Investment Advisors bought a new stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) in the fourth quarter, Holdings Channel reports. The firm bought 5,884 shares of the company’s stock, valued at approximately $494,000.

Several other institutional investors also recently bought and sold shares of FDMO. Integrated Wealth Concepts LLC acquired a new stake in shares of Fidelity Momentum Factor ETF during the first quarter worth about $450,000. NewEdge Advisors LLC lifted its holdings in Fidelity Momentum Factor ETF by 7.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,341 shares of the company’s stock worth $803,000 after buying an additional 898 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Fidelity Momentum Factor ETF by 827.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,935 shares of the company’s stock worth $2,273,000 after buying an additional 31,170 shares in the last quarter. Jane Street Group LLC purchased a new position in Fidelity Momentum Factor ETF in the 1st quarter valued at approximately $2,329,000. Finally, JPMorgan Chase & Co. boosted its position in Fidelity Momentum Factor ETF by 77.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 29,822 shares of the company’s stock valued at $2,262,000 after buying an additional 13,035 shares during the period.

Fidelity Momentum Factor ETF Stock Down 2.8%

NYSEARCA:FDMO opened at $95.80 on Wednesday. Fidelity Momentum Factor ETF has a 52 week low of $74.05 and a 52 week high of $98.86. The company has a fifty day simple moving average of $92.94 and a two-hundred day simple moving average of $87.19. The company has a market cap of $890.94 million, a price-to-earnings ratio of 28.38 and a beta of 1.05.

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.