Envestnet Asset Management Inc. Lowers Stock Holdings in Vanguard US Multifactor ETF (BATS:VFMF)

Envestnet Asset Management Inc. trimmed its holdings in shares of Vanguard US Multifactor ETF (BATS:VFMF) by 9.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 237,136 shares of the company’s stock after selling 24,691 shares during the period. Envestnet Asset Management Inc. owned approximately 11.46% of Vanguard US Multifactor ETF worth $29,027,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC lifted its holdings in shares of Vanguard US Multifactor ETF by 34.2% during the second quarter. Dynamic Advisor Solutions LLC now owns 2,226 shares of the company’s stock valued at $273,000 after purchasing an additional 567 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Vanguard US Multifactor ETF by 167.0% during the second quarter. Raymond James & Associates now owns 20,339 shares of the company’s stock valued at $2,490,000 after purchasing an additional 12,720 shares during the last quarter. Comerica Bank purchased a new position in shares of Vanguard US Multifactor ETF during the first quarter valued at approximately $27,000. Signature Estate & Investment Advisors LLC purchased a new position in shares of Vanguard US Multifactor ETF during the second quarter valued at approximately $454,000. Finally, Commonwealth Equity Services LLC increased its position in shares of Vanguard US Multifactor ETF by 4.0% during the second quarter. Commonwealth Equity Services LLC now owns 41,286 shares of the company’s stock valued at $5,054,000 after acquiring an additional 1,589 shares in the last quarter.

Vanguard US Multifactor ETF Stock Down 0.8 %

Shares of VFMF opened at $130.01 on Friday. The company has a market capitalization of $269.11 million, a P/E ratio of 10.28 and a beta of 0.99. The firm’s fifty day moving average price is $126.91 and its 200 day moving average price is $124.42.

About Vanguard US Multifactor ETF

The Vanguard U.S. Multifactor ETF (VFMF) is an exchange-traded fund that is based on the MSCI USA Diversified Multi-Factor index. The fund is an actively-managed fund that invests in US equities exhibiting value, momentum, quality and low volatility factors. VFMF was launched on Feb 13, 2018 and is managed by Vanguard.