Sax Wealth Advisors LLC Lowers Stock Holdings in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Sax Wealth Advisors LLC lowered its position in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 12.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,960 shares of the company’s stock after selling 1,130 shares during the period. Sax Wealth Advisors LLC’s holdings in Fidelity Momentum Factor ETF were worth $554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its holdings 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 valued at $84,404,000 after purchasing an additional 1,208,968 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Fidelity Momentum Factor ETF in the third quarter worth $665,080,000. Cetera Investment Advisers boosted its stake in Fidelity Momentum Factor ETF by 4.4% during the second quarter. Cetera Investment Advisers now owns 81,612 shares of the company’s stock valued at $5,200,000 after buying an additional 3,459 shares during the period. AE Wealth Management LLC boosted its stake in Fidelity Momentum Factor ETF by 15.2% during the second quarter. AE Wealth Management LLC now owns 71,629 shares of the company’s stock valued at $4,564,000 after buying an additional 9,454 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in Fidelity Momentum Factor ETF by 5.5% during the third quarter. Rockefeller Capital Management L.P. now owns 22,972 shares of the company’s stock worth $1,518,000 after buying an additional 1,198 shares in the last quarter.

Fidelity Momentum Factor ETF Stock Up 1.1 %

Shares of NYSEARCA FDMO opened at $71.93 on Friday. The firm has a market capitalization of $233.77 million, a P/E ratio of 27.90 and a beta of 1.11. The stock’s 50-day simple moving average is $71.22 and its two-hundred day simple moving average is $67.05. Fidelity Momentum Factor ETF has a twelve month low of $53.18 and a twelve month high of $73.43.

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.