Smith Moore & CO. Grows Position in Vanguard U.S. Minimum Volatility ETF $VFMV

Smith Moore & CO. boosted its holdings in shares of Vanguard U.S. Minimum Volatility ETF (BATS:VFMV) by 41.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,293 shares of the company’s stock after acquiring an additional 5,930 shares during the period. Smith Moore & CO.’s holdings in Vanguard U.S. Minimum Volatility ETF were worth $2,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in VFMV. Cetera Investment Advisers purchased a new stake in shares of Vanguard U.S. Minimum Volatility ETF in the 1st quarter worth approximately $457,000. LPL Financial LLC raised its stake in Vanguard U.S. Minimum Volatility ETF by 62.8% in the first quarter. LPL Financial LLC now owns 33,365 shares of the company’s stock worth $4,229,000 after buying an additional 12,874 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Vanguard U.S. Minimum Volatility ETF during the first quarter worth $1,661,000. Northwestern Mutual Wealth Management Co. bought a new stake in Vanguard U.S. Minimum Volatility ETF during the 1st quarter valued at $191,000. Finally, Titleist Asset Management LLC boosted its position in Vanguard U.S. Minimum Volatility ETF by 45.4% during the 1st quarter. Titleist Asset Management LLC now owns 32,014 shares of the company’s stock valued at $4,057,000 after acquiring an additional 9,994 shares in the last quarter.

Vanguard U.S. Minimum Volatility ETF Trading Up 9.7%

VFMV opened at $132.43 on Monday. The firm has a market cap of $296.64 million, a price-to-earnings ratio of 20.97 and a beta of 0.69. Vanguard U.S. Minimum Volatility ETF has a 12 month low of $112.97 and a 12 month high of $129.53. The stock has a fifty day moving average price of $130.05 and a 200-day moving average price of $128.99.

Vanguard U.S. Minimum Volatility ETF Company Profile

The Vanguard U.S. Minimum Volatility ETF (VFMV) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility index. The fund seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. VFMV was launched on Feb 13, 2018 and is managed by Vanguard.