Foundations Investment Advisors LLC Buys 2,786 Shares of Fidelity Momentum Factor ETF $FDMO

Foundations Investment Advisors LLC lifted its stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 14.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,410 shares of the company’s stock after acquiring an additional 2,786 shares during the period. Foundations Investment Advisors LLC’s holdings in Fidelity Momentum Factor ETF were worth $1,700,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Ameritas Advisory Services LLC bought a new stake in Fidelity Momentum Factor ETF in the second quarter valued at $43,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Momentum Factor ETF by 172.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,947 shares of the company’s stock valued at $127,000 after buying an additional 1,233 shares during the period. Kestra Investment Management LLC grew its stake in shares of Fidelity Momentum Factor ETF by 53.4% in the 1st quarter. Kestra Investment Management LLC now owns 3,415 shares of the company’s stock valued at $222,000 after buying an additional 1,189 shares during the period. Assetmark Inc. bought a new stake in Fidelity Momentum Factor ETF in the 1st quarter valued at about $226,000. Finally, Ascent Group LLC acquired a new position in Fidelity Momentum Factor ETF during the 1st quarter worth approximately $308,000.

Fidelity Momentum Factor ETF Stock Performance

Shares of NYSEARCA:FDMO opened at $82.29 on Monday. Fidelity Momentum Factor ETF has a 52-week low of $55.41 and a 52-week high of $85.97. The business’s 50 day simple moving average is $83.03 and its two-hundred day simple moving average is $77.81. The firm has a market cap of $551.34 million, a P/E ratio of 28.38 and a beta of 1.01.

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.