FDMO - Fidelity Momentum Factor ETF
| Assets | $137.55M |
| NAV | $47.43 |
| Expense Ratio | 0.29% |
| PE Ratio | 34.98 |
| Beta (5Y) | 0.97 |
| Dividend (ttm) | $0.30 |
| Dividend Yield | 0.63% |
| Ex-Dividend Date | Mar 19, 2021 |
| 1-Year Return | - |
| Trading Day | April 20 |
| Last Price | $47.01 |
| Previous Close | $47.38 |
| Change ($) | -0.37 |
| Change (%) | -0.78% |
| Day's Open | 47.28 |
| Day's Range | 46.70 - 47.45 |
| Day's Volume | 26,379 |
| 52-Week Range | 31.97 - 48.78 |
Fund Description
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 Equity | Sector Large Cap |
| Region North America | Inception Date Sep 12, 2016 |
| Exchange NYSEARCA | Ticker Symbol FDMO |
| Index Tracked Fidelity U.S. Momentum Factor Index | |
Top 10 Holdings
31.60% of assets| Name | Symbol | Weight |
|---|---|---|
| Apple | AAPL | 6.23% |
| Microsoft | MSFT | 5.83% |
| Amazon | AMZN | 4.17% |
| Alphabet | GOOGL | 4.08% |
| FB | 2.59% | |
| Berkshire Hathaway | BRK.B | 2.01% |
| Tesla | TSLA | 1.73% |
| NVIDIA | NVDA | 1.73% |
| UnitedHealth | UNH | 1.63% |
| PayPal | PYPL | 1.61% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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.
A few positive developments on the vaccine front, unprecedented economic help, reopening of economies and a few bullish economic datapoints should facilitate momentum ETFs ahead.
As broader benchmarks surged Tuesday, it wasn't surprising to see exchange traded funds dedicated to the momentum factor among the ETFs hitting all-time highs.
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.
As the Fed gave hints to rate cuts if needed, high-beta and high-momentum ETFs should do good in the near term.