AssuredPartners Investment Advisors LLC Acquires New Position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

AssuredPartners Investment Advisors LLC bought a new position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,306 shares of the company’s stock, valued at approximately $369,000. AssuredPartners Investment Advisors LLC owned approximately 0.16% of Fidelity Momentum Factor ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc purchased a new position in shares of Fidelity Momentum Factor ETF in the fourth quarter worth about $51,000. FMR LLC increased its stake in Fidelity Momentum Factor ETF by 1,801.0% in the 3rd 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 during the period. JPMorgan Chase & Co. lifted its position in Fidelity Momentum Factor ETF by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 11,665 shares of the company’s stock valued at $772,000 after purchasing an additional 725 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Fidelity Momentum Factor ETF during the fourth quarter valued at approximately $7,223,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Fidelity Momentum Factor ETF by 87.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 41,332 shares of the company’s stock worth $2,877,000 after purchasing an additional 19,278 shares during the last quarter.

Fidelity Momentum Factor ETF Stock Down 2.4 %

NYSEARCA:FDMO opened at $64.51 on Friday. The firm has a market capitalization of $506.40 million, a P/E ratio of 25.93 and a beta of 1.01. The company has a fifty day moving average of $69.90 and a 200 day moving average of $69.36. Fidelity Momentum Factor ETF has a 52 week low of $56.22 and a 52 week high of $74.53.

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.