NewEdge Advisors LLC Purchases 3,473 Shares of Vanguard U.S. Momentum Factor ETF $VFMO

NewEdge Advisors LLC grew its position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 9.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,946 shares of the company’s stock after acquiring an additional 3,473 shares during the quarter. NewEdge Advisors LLC’s holdings in Vanguard U.S. Momentum Factor ETF were worth $10,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ritholtz Wealth Management grew its holdings in shares of Vanguard U.S. Momentum Factor ETF by 8.6% in the first quarter. Ritholtz Wealth Management now owns 707,199 shares of the company’s stock valued at $139,389,000 after purchasing an additional 56,191 shares in the last quarter. LPL Financial LLC lifted its position in Vanguard U.S. Momentum Factor ETF by 35.0% during the fourth quarter. LPL Financial LLC now owns 140,128 shares of the company’s stock valued at $26,800,000 after purchasing an additional 36,308 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Vanguard U.S. Momentum Factor ETF in the 4th quarter worth $5,659,000. Tidal Investments LLC increased its holdings in shares of Vanguard U.S. Momentum Factor ETF by 549.0% in the 3rd quarter. Tidal Investments LLC now owns 29,252 shares of the company’s stock worth $5,605,000 after buying an additional 24,745 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of Vanguard U.S. Momentum Factor ETF by 97.5% in the 4th quarter. UBS Group AG now owns 43,066 shares of the company’s stock worth $8,236,000 after buying an additional 21,256 shares during the last quarter.

Vanguard U.S. Momentum Factor ETF Trading Up 0.9%

Shares of BATS:VFMO opened at $228.69 on Friday. Vanguard U.S. Momentum Factor ETF has a 12 month low of $174.61 and a 12 month high of $250.20. The company has a 50-day moving average price of $230.77 and a 200 day moving average price of $223.66. The company has a market cap of $1.45 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.