Sax Wealth Advisors LLC Has $554,000 Stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Sax Wealth Advisors LLC lessened its stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 12.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,960 shares of the company’s stock after selling 1,130 shares during the period. Sax Wealth Advisors LLC owned 0.24% of Fidelity Momentum Factor ETF worth $554,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FDMO. JPMorgan Chase & Co. increased its stake 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 in the last quarter. Rehmann Capital Advisory Group increased its position in Fidelity Momentum Factor ETF by 4.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 17,588 shares of the company’s stock valued at $1,163,000 after buying an additional 804 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Fidelity Momentum Factor ETF by 5.5% during the 3rd 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 during the period. Sunbelt Securities Inc. boosted its holdings in Fidelity Momentum Factor ETF by 62.0% in the second quarter. Sunbelt Securities Inc. now owns 5,690 shares of the company’s stock worth $363,000 after acquiring an additional 2,178 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in Fidelity Momentum Factor ETF by 4.4% in the second quarter. Cetera Investment Advisers now owns 81,612 shares of the company’s stock valued at $5,200,000 after acquiring an additional 3,459 shares during the period.

Fidelity Momentum Factor ETF Stock Up 1.1 %

NYSEARCA FDMO opened at $71.93 on Friday. Fidelity Momentum Factor ETF has a 52 week low of $53.18 and a 52 week high of $73.43. The business has a 50 day moving average price of $71.22 and a 200-day moving average price of $67.05. The company has a market cap of $233.77 million, a price-to-earnings ratio of 27.90 and a beta of 1.11.

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.