4,000 Shares in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) Bought by Linscomb Wealth Inc.

Linscomb Wealth Inc. bought a new position in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $241,000. Linscomb Wealth Inc. owned about 0.12% of Fidelity Momentum Factor ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FDMO. International Assets Investment Management LLC purchased a new stake in Fidelity Momentum Factor ETF during the fourth quarter valued at $280,000. Fiduciary Trust Co purchased a new stake in Fidelity Momentum Factor ETF during the fourth quarter valued at $223,000. Prudential PLC raised its stake in Fidelity Momentum Factor ETF by 187.2% during the fourth quarter. Prudential PLC now owns 18,035 shares of the company’s stock valued at $954,000 after purchasing an additional 11,755 shares in the last quarter. Stonehearth Capital Management LLC purchased a new stake in shares of Fidelity Momentum Factor ETF in the first quarter valued at $217,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Fidelity Momentum Factor ETF in the first quarter valued at $212,000.

Fidelity Momentum Factor ETF Price Performance

Shares of FDMO traded up $0.65 during midday trading on Friday, hitting $62.30. The stock had a trading volume of 9,025 shares, compared to its average volume of 20,963. Fidelity Momentum Factor ETF has a 1 year low of $44.80 and a 1 year high of $65.72. The firm has a market cap of $202.46 million, a PE ratio of 27.90 and a beta of 1.11. The stock’s 50 day moving average is $63.23 and its 200 day moving average is $59.76.

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.