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

NewEdge Advisors LLC grew its holdings in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 12.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,473 shares of the company’s stock after buying an additional 4,166 shares during the quarter. NewEdge Advisors LLC owned 0.59% of Vanguard U.S. Momentum Factor ETF worth $7,386,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Western Wealth Management LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF in the 1st quarter valued at $70,000. Bank of America Corp DE raised its position in Vanguard U.S. Momentum Factor ETF by 24.6% during the first quarter. Bank of America Corp DE now owns 33,399 shares of the company’s stock worth $6,583,000 after acquiring an additional 6,593 shares during the period. Arkadios Wealth Advisors raised its position in Vanguard U.S. Momentum Factor ETF by 5.1% during the first quarter. Arkadios Wealth Advisors now owns 2,363 shares of the company’s stock worth $466,000 after acquiring an additional 114 shares during the period. Royal Bank of Canada lifted its holdings in Vanguard U.S. Momentum Factor ETF by 418.1% during the first quarter. Royal Bank of Canada now owns 20,818 shares of the company’s stock valued at $4,103,000 after purchasing an additional 16,800 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Vanguard U.S. Momentum Factor ETF by 382.0% during the first quarter. Quantinno Capital Management LP now owns 5,881 shares of the company’s stock valued at $1,159,000 after purchasing an additional 4,661 shares in the last quarter.

Vanguard U.S. Momentum Factor ETF Stock Down 0.3%

Shares of BATS VFMO opened at $231.91 on Tuesday. The company’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 has a 52-week low of $172.91 and a 52-week high of $250.20. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08.

About Vanguard U.S. Momentum Factor ETF

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.