Darwin Wealth Management LLC Reduces Holdings in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Darwin Wealth Management LLC reduced its stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 7.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,416 shares of the company’s stock after selling 467 shares during the quarter. Darwin Wealth Management LLC owned about 0.17% of Fidelity Momentum Factor ETF worth $287,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FDMO. International Assets Investment Management LLC purchased a new position in shares of Fidelity Momentum Factor ETF in the fourth quarter worth about $280,000. Trilogy Capital Inc. purchased a new position in Fidelity Momentum Factor ETF during the 4th quarter worth approximately $1,715,000. Finally, Kestra Advisory Services LLC lifted its stake in Fidelity Momentum Factor ETF by 12.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 24,975 shares of the company’s stock valued at $1,166,000 after acquiring an additional 2,816 shares during the period.

Fidelity Momentum Factor ETF Price Performance

NYSEARCA:FDMO traded up $0.35 during trading hours on Thursday, reaching $60.51. The company had a trading volume of 7,637 shares, compared to its average volume of 23,397. The firm has a market cap of $196.64 million, a PE ratio of 27.90 and a beta of 1.11. Fidelity Momentum Factor ETF has a 1-year low of $44.49 and a 1-year high of $60.71. The business’s 50 day moving average price is $59.12 and its 200-day moving average price is $54.68.

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.