Financial Freedom LLC raised its stake in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Free Report) by 33.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 18,421 shares of the company’s stock after purchasing an additional 4,641 shares during the quarter. Vanguard U.S. Momentum Factor ETF accounts for about 1.7% of Financial Freedom LLC’s investment portfolio, making the stock its 14th biggest position. Financial Freedom LLC owned about 0.29% of Vanguard U.S. Momentum Factor ETF worth $3,523,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. MML Investors Services LLC increased its stake in Vanguard U.S. Momentum Factor ETF by 1.5% in the second quarter. MML Investors Services LLC now owns 3,933 shares of the company’s stock valued at $678,000 after acquiring an additional 57 shares during the period. Principal Securities Inc. increased its stake in Vanguard U.S. Momentum Factor ETF by 1.7% in the fourth quarter. Principal Securities Inc. now owns 3,720 shares of the company’s stock valued at $711,000 after acquiring an additional 63 shares during the period. Royal Bank of Canada increased its stake in Vanguard U.S. Momentum Factor ETF by 2.3% in the first quarter. Royal Bank of Canada now owns 3,776 shares of the company’s stock valued at $573,000 after acquiring an additional 86 shares during the period. Thoroughbred Financial Services LLC increased its stake in Vanguard U.S. Momentum Factor ETF by 1.5% in the fourth quarter. Thoroughbred Financial Services LLC now owns 6,121 shares of the company’s stock valued at $1,170,000 after acquiring an additional 88 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in Vanguard U.S. Momentum Factor ETF by 5.0% in the fourth quarter. Arkadios Wealth Advisors now owns 2,249 shares of the company’s stock valued at $430,000 after acquiring an additional 107 shares during the period.
Vanguard U.S. Momentum Factor ETF Stock Down 1.6%
BATS VFMO opened at $237.82 on Wednesday. The stock has a market cap of $1.51 billion, a P/E ratio of 22.24 and a beta of 1.08. The company’s 50-day simple moving average is $225.56 and its 200 day simple moving average is $209.09. Vanguard U.S. Momentum Factor ETF has a twelve month low of $163.88 and a twelve month high of $242.99.
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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