Strategic Financial Services Inc. cut its holdings in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Free Report) by 4.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 273,656 shares of the company’s stock after selling 11,882 shares during the quarter. Vanguard U.S. Momentum Factor ETF accounts for approximately 3.0% of Strategic Financial Services Inc.’s investment portfolio, making the stock its 11th biggest holding. Strategic Financial Services Inc.’s holdings in Vanguard U.S. Momentum Factor ETF were worth $68,280,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in VFMO. Western Wealth Management LLC purchased a new position in shares of Vanguard U.S. Momentum Factor ETF in the 1st quarter worth about $70,000. PNC Financial Services Group Inc. purchased a new stake in Vanguard U.S. Momentum Factor ETF during the fourth quarter worth about $76,000. High Note Wealth LLC purchased a new stake in Vanguard U.S. Momentum Factor ETF during the fourth quarter worth about $91,000. JPMorgan Chase & Co. bought a new stake in Vanguard U.S. Momentum Factor ETF in the third quarter worth about $179,000. Finally, Empirical Finance LLC bought a new stake in Vanguard U.S. Momentum Factor ETF in the first quarter worth about $205,000.
Vanguard U.S. Momentum Factor ETF Price Performance
VFMO opened at $229.80 on Monday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08. Vanguard U.S. Momentum Factor ETF has a twelve month low of $174.61 and a twelve month high of $250.20. The company’s 50-day moving average price is $232.07 and its two-hundred day moving average price is $222.99.
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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