Worth Asset Management LLC Invests $516,000 in Fidelity Momentum Factor ETF $FDMO

Worth Asset Management LLC acquired a new stake in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,441 shares of the company’s stock, valued at approximately $516,000. Worth Asset Management LLC owned about 0.07% of Fidelity Momentum Factor ETF at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FDMO. Russell Investments Group Ltd. purchased a new position in Fidelity Momentum Factor ETF in the 4th quarter worth $26,000. Larson Financial Group LLC purchased a new stake in Fidelity Momentum Factor ETF during the 3rd quarter valued at about $50,000. CWM LLC grew its stake in Fidelity Momentum Factor ETF by 4,392.9% during the 4th quarter. CWM LLC now owns 629 shares of the company’s stock valued at $53,000 after purchasing an additional 615 shares during the last quarter. High Point Wealth Management LLC acquired a new position in shares of Fidelity Momentum Factor ETF in the fourth quarter valued at about $85,000. Finally, IFP Advisors Inc increased its holdings in shares of Fidelity Momentum Factor ETF by 27.7% in the third quarter. IFP Advisors Inc now owns 1,020 shares of the company’s stock valued at $85,000 after purchasing an additional 221 shares during the period.

Fidelity Momentum Factor ETF Stock Up 0.8%

Shares of NYSEARCA:FDMO opened at $98.56 on Tuesday. Fidelity Momentum Factor ETF has a 52-week low of $72.61 and a 52-week high of $98.86. The stock has a market cap of $916.61 million, a price-to-earnings ratio of 28.38 and a beta of 1.05. The business has a 50-day moving average price of $92.72 and a 200-day moving average price of $87.11.

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.