AdvisorNet Financial Inc grew its stake in Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Free Report) by 414.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,878 shares of the company’s stock after buying an additional 1,513 shares during the period. AdvisorNet Financial Inc owned 0.06% of Vanguard U.S. Momentum Factor ETF worth $282,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Mather Group LLC. acquired a new position in Vanguard U.S. Momentum Factor ETF in the 2nd quarter worth approximately $75,000. Cambridge Trust Co. purchased a new position in shares of Vanguard U.S. Momentum Factor ETF during the first quarter worth $76,000. Raymond James & Associates acquired a new position in Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at $235,000. Avantax Advisory Services Inc. purchased a new stake in Vanguard U.S. Momentum Factor ETF in the first quarter valued at $286,000. Finally, Principal Securities Inc. acquired a new stake in Vanguard U.S. Momentum Factor ETF during the 4th quarter worth about $449,000.
Vanguard U.S. Momentum Factor ETF Stock Performance
Shares of BATS VFMO traded up $0.76 during trading on Thursday, reaching $150.54. 25,503 shares of the company traded hands. The firm has a market cap of $511.84 million, a PE ratio of 15.83 and a beta of 1.31. The company has a 50-day moving average price of $151.03 and a two-hundred day moving average price of $147.78.
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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