Royal Bank of Canada raised its stake in Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Free Report) by 418.1% during the first quarter, Holdings Channel.com reports. The firm owned 20,818 shares of the company’s stock after purchasing an additional 16,800 shares during the quarter. Royal Bank of Canada’s holdings in Vanguard U.S. Momentum Factor ETF were worth $4,103,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ritholtz Wealth Management increased its stake in shares of Vanguard U.S. Momentum Factor ETF by 8.6% during the first quarter. Ritholtz Wealth Management now owns 707,199 shares of the company’s stock worth $139,389,000 after buying an additional 56,191 shares during the period. Strategic Financial Services Inc. raised its holdings in Vanguard U.S. Momentum Factor ETF by 1.4% in the fourth quarter. Strategic Financial Services Inc. now owns 284,153 shares of the company’s stock valued at $58,496,000 after acquiring an additional 3,874 shares in the last quarter. Davidson Investment Advisors lifted its stake in Vanguard U.S. Momentum Factor ETF by 4.9% in the fourth quarter. Davidson Investment Advisors now owns 146,589 shares of the company’s stock worth $28,035,000 after acquiring an additional 6,811 shares during the last quarter. LPL Financial LLC lifted its stake in Vanguard U.S. Momentum Factor ETF by 35.0% in the fourth quarter. LPL Financial LLC now owns 140,128 shares of the company’s stock worth $26,800,000 after acquiring an additional 36,308 shares during the last quarter. Finally, Cabot Wealth Management Inc. grew its holdings in Vanguard U.S. Momentum Factor ETF by 5.6% during the 4th quarter. Cabot Wealth Management Inc. now owns 114,327 shares of the company’s stock worth $21,865,000 after acquiring an additional 6,098 shares in the last quarter.
Vanguard U.S. Momentum Factor ETF Stock Up 0.9%
BATS VFMO opened at $238.90 on Friday. Vanguard U.S. Momentum Factor ETF has a 52 week low of $172.91 and a 52 week high of $250.20. The firm has a 50 day moving average of $234.34 and a two-hundred day moving average of $220.17. The stock has a market capitalization of $1.51 billion, a PE ratio of 22.24 and a beta of 1.08.
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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