IFP Advisors Inc grew its stake in Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Free Report) by 3,357.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,630 shares of the company’s stock after buying an additional 3,525 shares during the period. IFP Advisors Inc’s holdings in Vanguard U.S. Momentum Factor ETF were worth $906,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Western Wealth Management LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF during the 1st quarter worth about $70,000. High Note Wealth LLC purchased a new position in shares of Vanguard U.S. Momentum Factor ETF in the fourth quarter worth about $91,000. Baird Financial Group Inc. purchased a new position in shares of Vanguard U.S. Momentum Factor ETF in the second quarter worth about $216,000. Fulcrum Equity Management acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF during the second quarter worth about $245,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF during the second quarter worth about $252,000.
Vanguard U.S. Momentum Factor ETF Trading Down 1.7%
Shares of BATS VFMO opened at $224.73 on Tuesday. Vanguard U.S. Momentum Factor ETF has a 12 month low of $174.61 and a 12 month high of $250.20. The company has a 50 day simple moving average of $230.51 and a two-hundred day simple moving average of $223.90. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08.
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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