FDMO - Fidelity Momentum Factor ETF
|Ex-Dividend Date||Mar 19, 2021|
|Trading Day||April 20|
|Day's Range||46.70 - 47.45|
|52-Week Range||31.97 - 48.78|
The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index". The fund normally invests at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index", which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals. It may lend securities to earn income for the fund.
|Asset Class |
|Inception Date |
Sep 12, 2016
|Ticker Symbol |
|Index Tracked |
Fidelity U.S. Momentum Factor Index
Top 10 Holdings31.60% of assets
|Mar 19, 2021||$0.056||Mar 24, 2021|
|Dec 18, 2020||$0.056||Dec 23, 2020|
|Sep 18, 2020||$0.088||Sep 23, 2020|
|Jun 19, 2020||$0.099||Jun 24, 2020|
|Mar 20, 2020||$0.098||Mar 25, 2020|
|Dec 30, 2019||$0.016||Jan 3, 2020|
The chief investment officer at JPMorgan Asset Management Bob Michele does not see overvaluation in Wall Street and suggested investors to join the rally.
This Fidelity Momentum Factor ETF (FDMO) has hit a new 52-week high. Are more gains in store?
Renewed trade optimism and solid holiday season buying should lead to gains in high-beta and high-momentum ETFs.
Momentum and high-beta ETFs make very good picks right now as the market rally on delay in Trump???s new round of tariffs.