Sunbelt Securities Inc. Lowers Holdings in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Sunbelt Securities Inc. reduced its stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 73.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,537 shares of the company’s stock after selling 4,153 shares during the quarter. Sunbelt Securities Inc.’s holdings in Fidelity Momentum Factor ETF were worth $102,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Fidelity Momentum Factor ETF by 1,801.0% during the 3rd quarter. FMR LLC now owns 1,276,097 shares of the company’s stock valued at $84,404,000 after purchasing an additional 1,208,968 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Fidelity Momentum Factor ETF by 15.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,038,484 shares of the company’s stock valued at $66,172,000 after buying an additional 140,985 shares during the period. International Assets Investment Management LLC purchased a new position in Fidelity Momentum Factor ETF in the third quarter valued at $665,080,000. Cetera Investment Advisers raised its position in shares of Fidelity Momentum Factor ETF by 4.4% in the second quarter. Cetera Investment Advisers now owns 81,612 shares of the company’s stock worth $5,200,000 after acquiring an additional 3,459 shares during the period. Finally, AE Wealth Management LLC boosted its stake in shares of Fidelity Momentum Factor ETF by 15.2% during the 2nd quarter. AE Wealth Management LLC now owns 71,629 shares of the company’s stock worth $4,564,000 after acquiring an additional 9,454 shares in the last quarter.

Fidelity Momentum Factor ETF Stock Up 0.1 %

NYSEARCA:FDMO opened at $72.26 on Friday. Fidelity Momentum Factor ETF has a 52 week low of $51.55 and a 52 week high of $73.43. The stock’s 50-day moving average price is $69.71 and its 200-day moving average price is $65.66. The stock has a market capitalization of $234.85 million, a PE ratio of 27.90 and a beta of 1.11.

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.