MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Trading Up 1.5% – Time to Buy?

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM)’s stock price shot up 1.5% during mid-day trading on Monday . The stock traded as high as $38.49 and last traded at $38.44. 191,919 shares were traded during trading, an increase of 39% from the average session volume of 138,253 shares. The stock had previously closed at $37.89.

MarketDesk Focused U.S. Momentum ETF Trading Up 0.4%

The company has a market cap of $311.64 million, a price-to-earnings ratio of 29.38 and a beta of 0.96. The stock has a 50-day simple moving average of $38.99 and a 200 day simple moving average of $38.79.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in MarketDesk Focused U.S. Momentum ETF stock. Worth Asset Management LLC acquired a new position in shares of MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,805 shares of the company’s stock, valued at approximately $210,000. Worth Asset Management LLC owned approximately 0.08% of MarketDesk Focused U.S. Momentum ETF as of its most recent filing with the Securities & Exchange Commission.

About MarketDesk Focused U.S. Momentum ETF

EA Series Trust – MarketDesk Focused U.S. Momentum ETF is an exchange traded fund launched and managed by Empowered Funds, LLC. The fund is co-managed by Marketdesk Indices LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in momentum stocks of companies across diversified market capitalization. The fund employs quantitative analysis to create its portfolio. The fund employs proprietary research to create its portfolio.