Ritholtz Wealth Management raised its stake in Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Free Report) by 8.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 707,199 shares of the company’s stock after buying an additional 56,191 shares during the quarter. Vanguard U.S. Momentum Factor ETF makes up about 2.4% of Ritholtz Wealth Management’s investment portfolio, making the stock its 8th largest holding. Ritholtz Wealth Management owned about 11.17% of Vanguard U.S. Momentum Factor ETF worth $139,389,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. North Star Investment Management Corp. acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF in the 4th quarter worth about $62,000. PNC Financial Services Group Inc. acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF in the fourth quarter valued at approximately $76,000. High Note Wealth LLC bought a new stake in shares of Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at approximately $91,000. City State Bank boosted its position in shares of Vanguard U.S. Momentum Factor ETF by 420.0% during the fourth quarter. City State Bank now owns 520 shares of the company’s stock worth $99,000 after buying an additional 420 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in shares of Vanguard U.S. Momentum Factor ETF during the third quarter worth approximately $179,000.
Vanguard U.S. Momentum Factor ETF Price Performance
VFMO opened at $239.39 on Thursday. Vanguard U.S. Momentum Factor ETF has a 12 month low of $167.92 and a 12 month high of $246.17. The stock has a market cap of $1.52 billion, a P/E ratio of 22.24 and a beta of 1.08. The stock’s 50 day moving average price is $229.50 and its 200 day moving average price is $211.21.
Vanguard U.S. Momentum Factor ETF Company Profile
The Vanguard U.S. Momentum Factor ETF (VFMO) is an exchange-traded fund that is based on the MSCI USA Momentum index. Vanguard U.S. Momentum Factor ETF seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. VFMO was launched on Feb 13, 2018 and is managed by Vanguard.
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