Vanguard U.S. Momentum Factor ETF $VFMO Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC increased its position in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 12.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,473 shares of the company’s stock after purchasing an additional 4,166 shares during the quarter. NewEdge Advisors LLC’s holdings in Vanguard U.S. Momentum Factor ETF were worth $7,386,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. purchased a new stake in shares of Vanguard U.S. Momentum Factor ETF during the fourth quarter worth $62,000. Western Wealth Management LLC acquired a new position in Vanguard U.S. Momentum Factor ETF during the first quarter worth about $70,000. PNC Financial Services Group Inc. purchased a new stake in Vanguard U.S. Momentum Factor ETF during the 4th quarter valued at about $76,000. High Note Wealth LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at about $91,000. Finally, City State Bank raised its holdings in Vanguard U.S. Momentum Factor ETF by 420.0% in the 4th quarter. City State Bank now owns 520 shares of the company’s stock valued at $99,000 after acquiring an additional 420 shares during the last quarter.

Vanguard U.S. Momentum Factor ETF Price Performance

Shares of Vanguard U.S. Momentum Factor ETF stock opened at $231.91 on Tuesday. Vanguard U.S. Momentum Factor ETF has a 1-year low of $172.91 and a 1-year high of $250.20. The stock has a market cap of $1.47 billion, a P/E ratio of 22.24 and a beta of 1.08. The stock’s 50 day simple moving average is $234.20 and its 200-day simple moving average is $219.46.

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.