Fidelity Momentum Factor ETF
FDMO
Market cap $377M

70.55 USD

+0.54

0.77%

At close Dec 20, 4:00 PM EST

1 day

0.77%

5 days

-2.90%

1 month

-0.20%

3 months

7.22%

6 months

10.15%

Year to date

34.97%

1 year

34.95%

5 years

92.60%

10 years

180.18%

0

Funds holding %

of 6,809 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

60% more capital invested

Capital invested by funds: $136M [Q2] → $217M (+$81.1M) [Q3]

34.05% more ownership

Funds ownership: 61.3% [Q2] → 95.35% (+34.05%) [Q3]

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

13% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 15

2% more funds holding

Funds holding: 49 [Q2] → 50 (+1) [Q3]

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Research analyst outlook

We haven’t received any recent analyst ratings for FDMO.

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Financial journalist opinion

FDMO: Not The Best Outlook For This Momentum ETF

The Fidelity Momentum Factor ETF focuses on large and mid-cap U.S. companies with strong momentum indicators, closely mirroring the Russell 1000 Index. FDMO's high exposure to mega caps has driven recent outperformance but may face challenges due to high valuations and if market leadership broadens to other sectors. Despite strong short-term gains, FDMO's five-year performance lags behind the Russell 1000 and peers, leading to a neutral stance on the fund.

FDMO: Not The Best Outlook For This Momentum ETF

FDMO: Low-Cost Momentum ETF With Mixed Returns

FDMO is supposed to offer exposure to U.S. stocks exhibiting strong momentum characteristics. The index it tracks has a nuanced approach to constituent selection, with returns, volatility, EPS surprises, and short interest among the parameters assessed. Most FDMO's holdings have high beta, accompanied by robust growth characteristics. At the same time, there is close to nothing to criticize about their quality.

FDMO: Low-Cost Momentum ETF With Mixed Returns

What You Don't Know About These Vanguard And Fidelity ETFs Can Hurt Your Alpha

Vanguard offers factor-based ETFs that have shown outstanding performance compared to unmanaged, index-based comparison ETFs. Factor-based ETFs have now become mainstream investments, with a market share of over 20% globally. Assets under management for factor-based investments have grown significantly, leading many investors to include factor funds in their portfolios.

What You Don't Know About These Vanguard And Fidelity ETFs Can Hurt Your Alpha

Whichever Direction Rates Move, Consider Looking to Fidelity ETFs

The debate around economic resilience and the direction of inflation and interest rates continues into summer. Fidelity offers an array of ETFs to reflect your portfolio's position on the path of interest rates looking ahead.

Whichever Direction Rates Move, Consider Looking to Fidelity ETFs

FDMO: A Sophisticated, But Not Better Momentum ETF

Fidelity Momentum Factor ETF (FDMO) implements a sector-neutral strategy based on price performance, earnings surprise and short interest. It is overweight in technology and large companies. FDMO track record is disappointing compared to another momentum ETF with a simpler methodology.

FDMO: A Sophisticated, But Not Better Momentum ETF

3 Key Considerations That Set Fidelity's Factor ETFs Apart

Factor investing remains one of the most popular investing strategies this decade. Fidelity offers several factor-based equity ETFs that rely on its “three S” approach.

3 Key Considerations That Set Fidelity's Factor ETFs Apart

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