Bank of America Corp DE increased its holdings in Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Free Report) by 24.6% in the first quarter, Holdings Channel.com reports. The firm owned 33,399 shares of the company’s stock after purchasing an additional 6,593 shares during the period. Bank of America Corp DE’s holdings in Vanguard U.S. Momentum Factor ETF were worth $6,583,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. North Star Investment Management Corp. purchased a new position in Vanguard U.S. Momentum Factor ETF during the fourth quarter worth about $62,000. PNC Financial Services Group Inc. acquired a new stake in Vanguard U.S. Momentum Factor ETF in the 4th quarter worth about $76,000. High Note Wealth LLC purchased a new stake in Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at about $91,000. JPMorgan Chase & Co. purchased a new stake in Vanguard U.S. Momentum Factor ETF in the 3rd quarter valued at about $179,000. Finally, Empirical Finance LLC acquired a new position in shares of Vanguard U.S. Momentum Factor ETF during the 1st quarter valued at about $205,000.
Vanguard U.S. Momentum Factor ETF Price Performance
Shares of VFMO stock opened at $231.30 on Thursday. The firm has a market cap of $1.46 billion, a P/E ratio of 22.24 and a beta of 1.08. Vanguard U.S. Momentum Factor ETF has a 1-year low of $174.61 and a 1-year high of $250.20. The firm’s 50-day simple moving average is $234.08 and its 200-day simple moving average is $221.91.
Vanguard U.S. Momentum Factor ETF 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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