International Assets Investment Management LLC Acquires New Holdings in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

International Assets Investment Management LLC acquired a new stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,005,534 shares of the company’s stock, valued at approximately $665,080,000. International Assets Investment Management LLC owned approximately 30.94% of Fidelity Momentum Factor ETF as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FDMO. Sunbelt Securities Inc. bought a new position in shares of Fidelity Momentum Factor ETF in the 1st quarter valued at approximately $212,000. Commonwealth Equity Services LLC raised its stake in shares of Fidelity Momentum Factor ETF by 30.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 43,004 shares of the company’s stock valued at $2,596,000 after acquiring an additional 10,143 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Fidelity Momentum Factor ETF in the 1st quarter valued at approximately $268,000. CreativeOne Wealth LLC bought a new position in shares of Fidelity Momentum Factor ETF in the 1st quarter valued at approximately $245,000. Finally, Linscomb Wealth Inc. bought a new position in shares of Fidelity Momentum Factor ETF in the 1st quarter valued at approximately $241,000.

Fidelity Momentum Factor ETF Stock Performance

Shares of FDMO stock opened at $67.38 on Thursday. The stock’s 50 day simple moving average is $65.23 and its 200 day simple moving average is $62.89. The company has a market capitalization of $218.99 million, a price-to-earnings ratio of 27.90 and a beta of 1.11. Fidelity Momentum Factor ETF has a twelve month low of $44.80 and a twelve month high of $68.64.

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.