Commonwealth Equity Services LLC Acquires 2,071 Shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Commonwealth Equity Services LLC raised its holdings in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 16.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,629 shares of the company’s stock after purchasing an additional 2,071 shares during the period. Commonwealth Equity Services LLC owned 0.43% of Vanguard U.S. Momentum Factor ETF worth $2,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VFMO. One Wealth Capital Management LLC bought a new stake in shares of Vanguard U.S. Momentum Factor ETF during the 4th quarter valued at about $306,000. Redhawk Wealth Advisors Inc. grew its stake in Vanguard U.S. Momentum Factor ETF by 4.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 18,840 shares of the company’s stock worth $3,097,000 after purchasing an additional 741 shares during the period. Ritholtz Wealth Management raised its holdings in Vanguard U.S. Momentum Factor ETF by 2.2% in the fourth quarter. Ritholtz Wealth Management now owns 441,345 shares of the company’s stock worth $72,544,000 after purchasing an additional 9,446 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Vanguard U.S. Momentum Factor ETF during the 4th quarter valued at $223,000. Finally, Merit Financial Group LLC purchased a new stake in shares of Vanguard U.S. Momentum Factor ETF in the 4th quarter worth about $1,870,000.

Vanguard U.S. Momentum Factor ETF Price Performance

BATS:VFMO opened at $156.50 on Thursday. Vanguard U.S. Momentum Factor ETF has a one year low of $134.72 and a one year high of $179.56. The company’s 50-day simple moving average is $165.58 and its 200 day simple moving average is $166.13. The firm has a market capitalization of $967.18 million, a P/E ratio of 16.53 and a beta of 1.09.

Vanguard U.S. Momentum Factor ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.3118 per share. The ex-dividend date is Tuesday, March 25th.

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.