Darwin Wealth Management LLC Sells 467 Shares of Fidelity Momentum Factor ETF (NYSEARCA:FDMO)

Darwin Wealth Management LLC lowered its stake in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 7.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,416 shares of the company’s stock after selling 467 shares during the period. Darwin Wealth Management LLC’s holdings in Fidelity Momentum Factor ETF were worth $287,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Fidelity Momentum Factor ETF in the fourth quarter valued at approximately $280,000. Kestra Advisory Services LLC raised its holdings in shares of Fidelity Momentum Factor ETF by 12.7% in the third quarter. Kestra Advisory Services LLC now owns 24,975 shares of the company’s stock valued at $1,166,000 after purchasing an additional 2,816 shares during the last quarter. Finally, Trilogy Capital Inc. acquired a new stake in shares of Fidelity Momentum Factor ETF in the fourth quarter valued at approximately $1,715,000.

Fidelity Momentum Factor ETF Stock Performance

FDMO traded up $0.35 during trading on Thursday, reaching $60.51. 7,637 shares of the stock were exchanged, compared to its average volume of 23,397. The stock has a market cap of $196.64 million, a P/E ratio of 27.90 and a beta of 1.11. Fidelity Momentum Factor ETF has a twelve month low of $44.49 and a twelve month high of $60.71. The stock’s 50 day moving average price is $59.12 and its two-hundred day moving average price is $54.68.

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.