23,227 Shares in Fidelity Momentum Factor ETF $FDMO Acquired by Elevation Capital Advisory LLC

Elevation Capital Advisory LLC acquired a new position in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,227 shares of the company’s stock, valued at approximately $1,932,000. Elevation Capital Advisory LLC owned about 0.35% of Fidelity Momentum Factor ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new position in shares of Fidelity Momentum Factor ETF in the first quarter valued at $450,000. NewEdge Advisors LLC grew its stake in Fidelity Momentum Factor ETF by 7.8% in the 1st quarter. NewEdge Advisors LLC now owns 12,341 shares of the company’s stock valued at $803,000 after acquiring an additional 898 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Fidelity Momentum Factor ETF by 827.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,935 shares of the company’s stock valued at $2,273,000 after acquiring an additional 31,170 shares during the last quarter. Jane Street Group LLC purchased a new position in Fidelity Momentum Factor ETF during the 1st quarter valued at about $2,329,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in Fidelity Momentum Factor ETF by 1.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,985 shares of the company’s stock worth $1,672,000 after acquiring an additional 244 shares during the last quarter.

Fidelity Momentum Factor ETF Price Performance

Shares of NYSEARCA FDMO opened at $86.42 on Friday. The firm’s 50-day moving average is $84.46 and its two-hundred day moving average is $81.94. The company has a market capitalization of $630.87 million, a PE ratio of 28.38 and a beta of 1.01. Fidelity Momentum Factor ETF has a 12-month low of $55.41 and a 12-month high of $87.60.

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.