Mosley Wealth Management Invests $618,000 in Fidelity Momentum Factor ETF $FDMO

Mosley Wealth Management acquired a new position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,394 shares of the company’s stock, valued at approximately $618,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Marks Group Wealth Management Inc acquired a new stake in shares of Fidelity Momentum Factor ETF in the fourth quarter worth $433,000. LPL Financial LLC lifted its position in Fidelity Momentum Factor ETF by 87.3% in the fourth quarter. LPL Financial LLC now owns 106,798 shares of the company’s stock worth $8,967,000 after purchasing an additional 49,790 shares during the period. J.W. Cole Advisors Inc. lifted its position in Fidelity Momentum Factor ETF by 44.3% in the fourth quarter. J.W. Cole Advisors Inc. now owns 11,012 shares of the company’s stock worth $925,000 after purchasing an additional 3,381 shares during the period. ShoreHaven Wealth Partners LLC bought a new position in Fidelity Momentum Factor ETF in the fourth quarter worth $244,000. Finally, Calton & Associates Inc. bought a new position in Fidelity Momentum Factor ETF in the fourth quarter worth $407,000.

Fidelity Momentum Factor ETF Price Performance

Shares of FDMO stock opened at $94.39 on Friday. The stock has a market cap of $877.83 million, a P/E ratio of 28.38 and a beta of 1.05. Fidelity Momentum Factor ETF has a one year low of $72.35 and a one year high of $97.21. The stock has a fifty day moving average price of $90.61 and a 200 day moving average price of $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.