Fidelity Momentum Factor ETF
FDMO
31 hedge funds and large institutions have $89.2M invested in Fidelity Momentum Factor ETF in 2023 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 8 increasing their positions, 14 reducing their positions, and 5 closing their positions.
1.73% less ownership
Funds ownership: 65.46% → 63.73% (-1.7%)
9% less capital invested
Capital invested by funds: $98.1M → $89.2M (-$8.88M)
16% less funds holding
Funds holding: 37 → 31 (-6)
43% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 14
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$1.24M |
| 2 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$562K |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$136K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$115K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$51.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LI
LVZ Inc
Holland,
Michigan
|
-$2.57M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.78M |
| 3 |
Cerity Partners
New York
|
-$524K |
| 4 |
PP
Prudential plc
London, England,
United Kingdom
|
-$517K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$422K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $18K | -$59.4K | -1,227 | -76% |
|
|
BFEC
27
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $14K | – | – | – |
|
|
HI
28
Harbour Investments
Madison,
Wisconsin
| $4.3K | – | – | – |
|
|
GEA
29
Glen Eagle Advisors
Kingston,
New Jersey
| $3.73K | – | – | – |
|
|
SWM
30
Spire Wealth Management
Mclean,
Virginia
| $1.17K | – | – | – |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| $933 | – | – | – |
|
32
Wells Fargo
San Francisco,
California
| $20 | – | – | – |
|
|
LI
33
LVZ Inc
Holland,
Michigan
| – | -$2.57M | -53,185 | Closed |
|
34
Rockefeller Capital Management
New York
| – | -$321K | -6,630 | Closed |
|
|
CW
35
CreativeOne Wealth
Overland Park,
Kansas
| – | -$219K | -4,536 | Closed |
|
|
FT
36
Fiduciary Trust
Boston,
Massachusetts
| – | -$204K | -4,214 | Closed |
|
37
UBS Group
Zurich,
Switzerland
| – | -$28.2K | -584 | Closed |
|
FDMO Hedge Fund Activity: Q3 2023 in Review
31 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Fidelity Momentum Factor ETF (FDMO) for Q3 2023, worth a combined $89.2M — down 9.1% from $98.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FDMO and 0 opened new positions — a net loss of 5 holders — while 14 trimmed existing stakes and 8 added.
The largest buyer was Wealth Enhancement Advisory Services, adding an estimated $1.24M. The largest seller was LVZ Inc, exiting entirely with an estimated $2.57M sold.
- 31 institutional investors held Fidelity Momentum Factor ETF (FDMO) as of Q3 2023, down from 37 in Q2 2023.
- Funds reported $89.2M of Fidelity Momentum Factor ETF stock for Q3 2023, down 9.1% quarter-over-quarter.
- 0 funds opened new Fidelity Momentum Factor ETF positions in Q3 2023 and 5 closed out, a net change of -5 holders.
- The largest Fidelity Momentum Factor ETF buyer in Q3 2023 was Wealth Enhancement Advisory Services, an estimated $1.24M added.
- The largest Fidelity Momentum Factor ETF seller in Q3 2023 was LVZ Inc, an estimated $2.57M sold.
Based on aggregated 13F filings for Q3 2023.