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

Darwin Wealth Management LLC bought a new position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,390 shares of the company’s stock, valued at approximately $290,000. Darwin Wealth Management LLC owned 0.14% of Fidelity Momentum Factor ETF as of its most recent filing with the SEC.

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

Fidelity Momentum Factor ETF Stock Performance

Shares of NYSEARCA:FDMO opened at $70.64 on Wednesday. The firm has a market cap of $229.58 million, a price-to-earnings ratio of 27.90 and a beta of 1.11. The firm has a fifty day moving average price of $67.31 and a 200 day moving average price of $64.35. Fidelity Momentum Factor ETF has a fifty-two week low of $49.69 and a fifty-two week high of $72.00.

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.