Davidson Investment Advisors Acquires 7,479 Shares of Vanguard U.S. Momentum Factor ETF $VFMO

Davidson Investment Advisors boosted its holdings in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,778 shares of the company’s stock after purchasing an additional 7,479 shares during the quarter. Vanguard U.S. Momentum Factor ETF comprises about 1.1% of Davidson Investment Advisors’ investment portfolio, making the stock its 24th largest position. Davidson Investment Advisors owned about 2.21% of Vanguard U.S. Momentum Factor ETF worth $26,781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in VFMO. Royal Bank of Canada raised its position in Vanguard U.S. Momentum Factor ETF by 2.3% during the first quarter. Royal Bank of Canada now owns 3,776 shares of the company’s stock valued at $573,000 after purchasing an additional 86 shares during the period. NewEdge Advisors LLC increased its position in shares of Vanguard U.S. Momentum Factor ETF by 174.3% during the 1st quarter. NewEdge Advisors LLC now owns 27,862 shares of the company’s stock valued at $4,227,000 after purchasing an additional 17,705 shares during the last quarter. SCS Capital Management LLC purchased a new stake in Vanguard U.S. Momentum Factor ETF during the 1st quarter valued at $928,000. Jane Street Group LLC lifted its position in Vanguard U.S. Momentum Factor ETF by 219.7% in the first quarter. Jane Street Group LLC now owns 11,792 shares of the company’s stock worth $1,789,000 after buying an additional 8,103 shares during the last quarter. Finally, Strategic Financial Services Inc. lifted its position in Vanguard U.S. Momentum Factor ETF by 1.7% in the first quarter. Strategic Financial Services Inc. now owns 269,499 shares of the company’s stock worth $40,886,000 after buying an additional 4,597 shares during the last quarter.

Vanguard U.S. Momentum Factor ETF Stock Up 18.5%

VFMO stock opened at $194.52 on Friday. Vanguard U.S. Momentum Factor ETF has a twelve month low of $128.58 and a twelve month high of $179.56. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08. The firm’s fifty day simple moving average is $191.59 and its two-hundred day simple moving average is $184.77.

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.