Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Get Free Report)’s share price traded up 0.9% during trading on Wednesday. The stock traded as high as $223.36 and last traded at $222.68. 55,234 shares were traded during trading, an increase of 1% from the average daily volume of 54,566 shares. The stock had previously closed at $220.63.
Vanguard U.S. Momentum Factor ETF Stock Performance
The business has a 50 day moving average price of $228.49 and a two-hundred day moving average price of $228.91. The stock has a market cap of $1.41 billion, a PE ratio of 22.24 and a beta of 1.08.
Institutional Trading of Vanguard U.S. Momentum Factor ETF
A number of hedge funds have recently bought and sold shares of VFMO. Ritholtz Wealth Management raised its holdings in shares of Vanguard U.S. Momentum Factor ETF by 8.6% in the 1st quarter. Ritholtz Wealth Management now owns 707,199 shares of the company’s stock worth $139,389,000 after purchasing an additional 56,191 shares during the period. Royal Bank of Canada lifted its stake in Vanguard U.S. Momentum Factor ETF by 418.1% in the first quarter. Royal Bank of Canada now owns 20,818 shares of the company’s stock valued at $4,103,000 after purchasing an additional 16,800 shares during the last quarter. Fifth Third Bancorp purchased a new position in Vanguard U.S. Momentum Factor ETF in the first quarter valued at approximately $1,413,000. Bank of America Corp DE grew its holdings in Vanguard U.S. Momentum Factor ETF by 24.6% during the first quarter. Bank of America Corp DE now owns 33,399 shares of the company’s stock valued at $6,583,000 after purchasing an additional 6,593 shares during the period. Finally, Tidal Investments LLC bought a new position in Vanguard U.S. Momentum Factor ETF during the second quarter valued at $1,559,000.
About Vanguard U.S. Momentum Factor ETF
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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