Fidelity Momentum Factor ETF (NYSEARCA:FDMO) Shares Up 0.4%

Fidelity Momentum Factor ETF (NYSEARCA:FDMO) shot up 0.4% on Monday . The stock traded as high as $38.32 and last traded at $38.27, 13,719 shares were traded during mid-day trading. A decline of 15% from the average session volume of 16,143 shares. The stock had previously closed at $38.12.

The firm has a 50-day moving average price of $36.64 and a two-hundred day moving average price of $35.72.

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were given a $0.016 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.06 annualized dividend and a dividend yield of 0.17%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDMO. Commonwealth Equity Services LLC lifted its position in shares of Fidelity Momentum Factor ETF by 6.6% in the third quarter. Commonwealth Equity Services LLC now owns 101,148 shares of the company’s stock valued at $3,540,000 after acquiring an additional 6,304 shares in the last quarter. LVZ Advisors Inc. increased its holdings in shares of Fidelity Momentum Factor ETF by 4.5% in the third quarter. LVZ Advisors Inc. now owns 41,791 shares of the company’s stock valued at $1,463,000 after purchasing an additional 1,814 shares during the last quarter. Financial Partners Group Inc increased its holdings in shares of Fidelity Momentum Factor ETF by 0.9% in the second quarter. Financial Partners Group Inc now owns 181,961 shares of the company’s stock valued at $6,450,000 after purchasing an additional 1,657 shares during the last quarter. Finally, Prospera Financial Services Inc increased its holdings in shares of Fidelity Momentum Factor ETF by 2.1% in the third quarter. Prospera Financial Services Inc now owns 24,627 shares of the company’s stock valued at $862,000 after purchasing an additional 509 shares during the last quarter.

Featured Article: Inverted Yield Curve

Receive News & Ratings for Fidelity Momentum Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Momentum Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.