Mosley Wealth Management Buys New Position in Fidelity Momentum Factor ETF $FDMO

Mosley Wealth Management bought a new stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,394 shares of the company’s stock, valued at approximately $618,000. Mosley Wealth Management owned approximately 0.10% of Fidelity Momentum Factor ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. increased its holdings in shares of Fidelity Momentum Factor ETF by 1.6% in the 3rd quarter. Raymond James Financial Inc. now owns 132,268 shares of the company’s stock valued at $11,001,000 after purchasing an additional 2,109 shares during the period. LPL Financial LLC increased its holdings in shares of Fidelity Momentum Factor ETF by 87.3% in the 4th quarter. LPL Financial LLC now owns 106,798 shares of the company’s stock valued at $8,967,000 after purchasing an additional 49,790 shares during the period. Kestra Private Wealth Services LLC increased its holdings in shares of Fidelity Momentum Factor ETF by 9.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 70,085 shares of the company’s stock valued at $5,884,000 after purchasing an additional 6,161 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Fidelity Momentum Factor ETF by 373.9% in the 2nd quarter. NewEdge Advisors LLC now owns 58,485 shares of the company’s stock valued at $4,437,000 after purchasing an additional 46,144 shares during the period. Finally, Elevation Capital Advisory LLC increased its holdings in shares of Fidelity Momentum Factor ETF by 125.4% in the 4th quarter. Elevation Capital Advisory LLC now owns 52,354 shares of the company’s stock valued at $4,396,000 after purchasing an additional 29,127 shares during the period.

Fidelity Momentum Factor ETF Price Performance

Shares of FDMO opened at $94.39 on Friday. The company has a market capitalization of $877.83 million, a price-to-earnings ratio of 28.38 and a beta of 1.05. Fidelity Momentum Factor ETF has a fifty-two week low of $72.35 and a fifty-two week high of $97.21. The business’s 50-day moving average is $90.61 and its 200-day moving average is $86.44.

Fidelity Momentum Factor ETF 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.