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%)
16% less funds holding
Funds holding: 37 → 31 (-6)
43% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 14
71% less capital inflows, than outflows
Capital inflows: $2.14M | Capital outflows: $7.45M
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 |
AE Wealth Management
Topeka,
Kansas
|
+$562K |
| 3 |
Kestra Advisory Services
Austin,
Texas
|
+$136K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$115K |
| 5 |
NewEdge Advisors
New Orleans,
Louisiana
|
+$51.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LVZ Inc
Holland,
Michigan
|
-$2.57M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.78M |
| 3 |
Cerity Partners
New York
|
-$524K |
| 4 |
Prudential plc
London, England,
United Kingdom
|
-$517K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$422K |
FDMO Hedge Fund Activity: Q3 2023 in Review
31 of the 6,316 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.