Stonehearth Capital Management LLC Makes New Investment in Fidelity Momentum Factor ETF $FDMO

Stonehearth Capital Management LLC acquired a new stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,326 shares of the company’s stock, valued at approximately $601,000.

Several other large investors have also bought and sold shares of the company. Citadel Advisors LLC bought a new position in Fidelity Momentum Factor ETF during the second quarter valued at about $1,167,000. Worth Asset Management LLC bought a new stake in Fidelity Momentum Factor ETF in the first quarter worth about $516,000. World Investment Advisors bought a new stake in Fidelity Momentum Factor ETF in the fourth quarter worth about $494,000. Royal Bank of Canada raised its position in Fidelity Momentum Factor ETF by 185.3% in the first quarter. Royal Bank of Canada now owns 43,528 shares of the company’s stock worth $3,486,000 after acquiring an additional 28,269 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Fidelity Momentum Factor ETF in the second quarter worth about $1,502,000.

Fidelity Momentum Factor ETF Trading Down 0.3%

Shares of NYSEARCA FDMO opened at $95.12 on Wednesday. Fidelity Momentum Factor ETF has a twelve month low of $76.63 and a twelve month high of $98.87. The firm has a 50-day moving average of $95.15 and a two-hundred day moving average of $93.06. The company has a market capitalization of $875.10 million, a price-to-earnings ratio of 28.38 and a beta of 1.05.

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.