When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
PDP - FDMO: A Sophisticated But Not Better Momentum ETF
Invesco DWA Momentum ETF
2024-05-05 19:00:00 ET
Summary
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 strategy
Fidelity Momentum Factor ETF ( FDMO ) started investing operations on 9/12/2016 and tracks the Fidelity U.S. Momentum Factor Index. It has 128 holdings, a distribution yield of 0.66% and an expense ratio of 0.15%....