MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Trading Up 0.8% – Still a Buy?

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM)’s share price traded up 0.8% on Friday . The stock traded as high as $38.81 and last traded at $38.72. Approximately 232,091 shares traded hands during mid-day trading, an increase of 75% from the average session volume of 132,505 shares. The stock had previously closed at $38.43.

MarketDesk Focused U.S. Momentum ETF Price Performance

The stock has a market capitalization of $251.68 million, a price-to-earnings ratio of 29.38 and a beta of 0.96. The company’s 50-day simple moving average is $40.07 and its 200-day simple moving average is $38.48.

Institutional Trading of MarketDesk Focused U.S. Momentum ETF

An institutional investor recently bought a new stake in MarketDesk Focused U.S. Momentum ETF stock. Worth Asset Management LLC acquired a new stake in MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

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.