Kestra Private Wealth Services LLC bought a new stake in Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,968 shares of the company’s stock, valued at approximately $1,809,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in VFMO. Anderson Hoagland & Co. bought a new stake in shares of Vanguard U.S. Momentum Factor ETF during the third quarter worth $21,771,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Vanguard U.S. Momentum Factor ETF by 2.9% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 109,211 shares of the company’s stock valued at $21,525,000 after acquiring an additional 3,090 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Vanguard U.S. Momentum Factor ETF by 9.3% in the second quarter. NewEdge Advisors LLC now owns 40,946 shares of the company’s stock valued at $10,216,000 after acquiring an additional 3,473 shares during the last quarter. Hobart Private Capital LLC increased its position in Vanguard U.S. Momentum Factor ETF by 0.9% in the second quarter. Hobart Private Capital LLC now owns 32,338 shares of the company’s stock worth $8,069,000 after purchasing an additional 292 shares during the period. Finally, International Assets Investment Management LLC increased its position in Vanguard U.S. Momentum Factor ETF by 206.7% in the third quarter. International Assets Investment Management LLC now owns 30,000 shares of the company’s stock worth $6,812,000 after purchasing an additional 20,217 shares during the period.
Vanguard U.S. Momentum Factor ETF Stock Down 6.5%
Shares of VFMO stock opened at $199.91 on Friday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08. Vanguard U.S. Momentum Factor ETF has a 12 month low of $174.61 and a 12 month high of $250.20. The stock has a 50-day moving average price of $224.72 and a 200 day moving average price of $221.50.
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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