Two investment firms boosted their holdings in the FDMO ETF, tracking US stocks with positive momentum.

Two investment firms, Colonial River Investments and Cambridge Investment Research Advisors Inc., recently increased their holdings in the Fidelity Momentum Factor ETF (FDMO). Colonial River Investments bought 3,977 shares for about $259,000, while Cambridge Investment Research Advisors Inc. raised its position by 5.0%, adding 2,395 shares. FDMO tracks large-cap US stocks with positive momentum.