PFG Advisors Takes $1.10 Million Position in Vanguard U.S. Momentum Factor ETF $VFMO

PFG Advisors acquired a new position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 5,727 shares of the company’s stock, valued at approximately $1,097,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of VFMO. Diversify Advisory Services LLC boosted its position in Vanguard U.S. Momentum Factor ETF by 15.5% during the 3rd quarter. Diversify Advisory Services LLC now owns 3,650 shares of the company’s stock valued at $714,000 after buying an additional 490 shares during the period. Focus Partners Advisor Solutions LLC increased its position in shares of Vanguard U.S. Momentum Factor ETF by 55.7% in the third quarter. Focus Partners Advisor Solutions LLC now owns 8,362 shares of the company’s stock valued at $1,616,000 after acquiring an additional 2,992 shares during the period. Wilkins Miller Wealth Management LLC raised its stake in shares of Vanguard U.S. Momentum Factor ETF by 57.4% during the third quarter. Wilkins Miller Wealth Management LLC now owns 11,498 shares of the company’s stock valued at $2,187,000 after acquiring an additional 4,192 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Vanguard U.S. Momentum Factor ETF by 22.1% during the third quarter. Wealthcare Advisory Partners LLC now owns 4,935 shares of the company’s stock worth $946,000 after purchasing an additional 892 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Vanguard U.S. Momentum Factor ETF during the third quarter worth about $179,000.

Vanguard U.S. Momentum Factor ETF Price Performance

BATS VFMO opened at $202.26 on Thursday. Vanguard U.S. Momentum Factor ETF has a 1 year low of $128.58 and a 1 year high of $211.26. The stock has a market capitalization of $1.28 billion, a PE ratio of 22.24 and a beta of 1.08. The business’s 50-day moving average is $204.50 and its 200 day moving average is $195.35.

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.