Darwin Wealth Management LLC Acquires New Position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Darwin Wealth Management LLC purchased a new position in shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,390 shares of the company’s stock, valued at approximately $290,000.

Several other institutional investors have also recently made changes to their positions in FDMO. International Assets Investment Management LLC bought a new stake in Fidelity Momentum Factor ETF during the third quarter valued at about $665,080,000. Cetera Investment Advisers increased its position in Fidelity Momentum Factor ETF by 4.4% during the 2nd quarter. Cetera Investment Advisers now owns 81,612 shares of the company’s stock valued at $5,200,000 after buying an additional 3,459 shares in the last quarter. Sunbelt Securities Inc. raised its stake in Fidelity Momentum Factor ETF by 62.0% in the second quarter. Sunbelt Securities Inc. now owns 5,690 shares of the company’s stock valued at $363,000 after buying an additional 2,178 shares during the last quarter. AE Wealth Management LLC increased its holdings in shares of Fidelity Momentum Factor ETF by 15.2% during the second quarter. AE Wealth Management LLC now owns 71,629 shares of the company’s stock valued at $4,564,000 after acquiring an additional 9,454 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Fidelity Momentum Factor ETF by 15.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,038,484 shares of the company’s stock worth $66,172,000 after acquiring an additional 140,985 shares during the last quarter.

Fidelity Momentum Factor ETF Trading Up 0.9 %

Shares of NYSEARCA FDMO opened at $70.64 on Wednesday. Fidelity Momentum Factor ETF has a 12 month low of $49.69 and a 12 month high of $72.00. The stock has a market cap of $229.58 million, a price-to-earnings ratio of 27.90 and a beta of 1.11. The company has a 50 day simple moving average of $67.31 and a two-hundred day simple moving average of $64.35.

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.