SteelPeak Wealth LLC Buys New Stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

SteelPeak Wealth LLC purchased a new stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,270 shares of the company’s stock, valued at approximately $2,455,000. SteelPeak Wealth LLC owned approximately 1.09% of Fidelity Momentum Factor ETF at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FDMO. Sunbelt Securities Inc. increased its holdings in shares of Fidelity Momentum Factor ETF by 62.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,690 shares of the company’s stock valued at $363,000 after acquiring an additional 2,178 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Fidelity Momentum Factor ETF by 4.4% in the second quarter. Cetera Investment Advisers now owns 81,612 shares of the company’s stock valued at $5,200,000 after purchasing an additional 3,459 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Fidelity Momentum Factor ETF in the third quarter valued at approximately $665,080,000. Darwin Wealth Management LLC purchased a new position in Fidelity Momentum Factor ETF in the third quarter valued at approximately $290,000. Finally, FMR LLC raised its holdings in Fidelity Momentum Factor ETF by 1,801.0% during the third quarter. FMR LLC now owns 1,276,097 shares of the company’s stock worth $84,404,000 after purchasing an additional 1,208,968 shares in the last quarter.

Fidelity Momentum Factor ETF Trading Up 1.5 %

Shares of NYSEARCA:FDMO opened at $72.38 on Wednesday. The firm has a 50 day simple moving average of $71.46 and a 200-day simple moving average of $67.40. The company has a market capitalization of $235.24 million, a PE ratio of 27.90 and a beta of 1.11. Fidelity Momentum Factor ETF has a twelve month low of $54.50 and a twelve month high of $73.86.

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.