Vanguard U.S. Momentum Factor ETF $VFMO Position Increased by Ritholtz Wealth Management

Ritholtz Wealth Management raised its position in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 748,334 shares of the company’s stock after buying an additional 10,691 shares during the quarter. Vanguard U.S. Momentum Factor ETF comprises 2.4% of Ritholtz Wealth Management’s portfolio, making the stock its 9th largest position. Ritholtz Wealth Management owned approximately 11.82% of Vanguard U.S. Momentum Factor ETF worth $169,924,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. IFP Advisors Inc raised its position in shares of Vanguard U.S. Momentum Factor ETF by 3,357.1% during the 2nd quarter. IFP Advisors Inc now owns 3,630 shares of the company’s stock valued at $906,000 after acquiring an additional 3,525 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in Vanguard U.S. Momentum Factor ETF during the third quarter worth $1,809,000. 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 worth $10,216,000 after purchasing an additional 3,473 shares during the period. Tidal Investments LLC acquired a new position in Vanguard U.S. Momentum Factor ETF in the second quarter worth $1,559,000. Finally, Royal Bank of Canada increased its stake in Vanguard U.S. Momentum Factor ETF by 418.1% during the first quarter. Royal Bank of Canada now owns 20,818 shares of the company’s stock valued at $4,103,000 after purchasing an additional 16,800 shares during the last quarter.

Vanguard U.S. Momentum Factor ETF Price Performance

VFMO stock opened at $216.64 on Thursday. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 17.59 and a beta of 1.13. Vanguard U.S. Momentum Factor ETF has a 1-year low of $174.61 and a 1-year high of $250.20. The firm has a fifty day moving average price of $223.38 and a two-hundred day moving average price of $221.58.

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.