Smith Moore & CO. trimmed its position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Free Report) by 32.6% during the second quarter, Holdings Channel.com reports. The firm owned 4,972 shares of the company’s stock after selling 2,404 shares during the period. Smith Moore & CO.’s holdings in Vanguard U.S. Momentum Factor ETF were worth $858,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Asset Planning Inc. purchased a new position in Vanguard U.S. Momentum Factor ETF in the second quarter valued at $105,000. Ameritas Advisory Services LLC purchased a new stake in Vanguard U.S. Momentum Factor ETF during the 2nd quarter worth about $192,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Vanguard U.S. Momentum Factor ETF during the 2nd quarter worth about $201,000. HighTower Advisors LLC acquired a new position in shares of Vanguard U.S. Momentum Factor ETF during the 1st quarter worth about $235,000. Finally, Park Avenue Securities LLC purchased a new position in shares of Vanguard U.S. Momentum Factor ETF in the 2nd quarter valued at about $244,000.
Vanguard U.S. Momentum Factor ETF Stock Performance
Shares of BATS VFMO opened at $188.98 on Tuesday. The stock’s 50-day simple moving average is $191.48 and its 200-day simple moving average is $180.16. The firm has a market capitalization of $1.20 billion, a PE ratio of 22.24 and a beta of 1.08. Vanguard U.S. Momentum Factor ETF has a fifty-two week low of $128.58 and a fifty-two week high of $179.56.
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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Want to see what other hedge funds are holding VFMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Free Report).
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