Vanguard U.S. Quality Factor ETF (BATS:VFQY) Shares Down 1.4% – Here’s Why

Vanguard U.S. Quality Factor ETF (BATS:VFQY)’s stock price dropped 1.4% during mid-day trading on Thursday . The company traded as low as $150.42 and last traded at $150.48. Approximately 8,823 shares traded hands during trading, a decline of 1% from the average daily volume of 8,942 shares. The stock had previously closed at $152.68.

Vanguard U.S. Quality Factor ETF Stock Down 1.4%

The stock’s 50-day simple moving average is $157.16 and its 200 day simple moving average is $153.47. The company has a market cap of $419.84 million, a price-to-earnings ratio of 18.39 and a beta of 1.03.

Hedge Funds Weigh In On Vanguard U.S. Quality Factor ETF

A number of hedge funds have recently made changes to their positions in VFQY. Armbruster Capital Management Inc. lifted its stake in Vanguard U.S. Quality Factor ETF by 1.6% during the third quarter. Armbruster Capital Management Inc. now owns 187,483 shares of the company’s stock worth $28,277,000 after purchasing an additional 3,020 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in shares of Vanguard U.S. Quality Factor ETF by 2.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 129,734 shares of the company’s stock valued at $19,902,000 after buying an additional 3,477 shares in the last quarter. Pure Financial Advisors LLC raised its holdings in shares of Vanguard U.S. Quality Factor ETF by 2.8% in the 4th quarter. Pure Financial Advisors LLC now owns 117,076 shares of the company’s stock valued at $17,961,000 after buying an additional 3,161 shares during the period. Focus Partners Wealth lifted its stake in Vanguard U.S. Quality Factor ETF by 13.7% during the 3rd quarter. Focus Partners Wealth now owns 79,523 shares of the company’s stock worth $11,994,000 after acquiring an additional 9,579 shares in the last quarter. Finally, Cedar Point Capital Partners LLC lifted its stake in Vanguard U.S. Quality Factor ETF by 1.4% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 68,961 shares of the company’s stock worth $10,401,000 after acquiring an additional 939 shares in the last quarter.

About Vanguard U.S. Quality Factor ETF

The Vanguard U.S. Quality Factor ETF (VFQY) is an exchange-traded fund that is based on the Benchmark for VFQY Fund index. The fund seeks to provide long-term capital appreciation by investing in stocks with strong fundamentals as determined by the advisor. VFQY was launched on Feb 13, 2018 and is managed by Vanguard.