Private Advisor Group LLC Purchases 4,058 Shares of Vanguard U.S. Momentum Factor ETF $VFMO

Private Advisor Group LLC raised its position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 15.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,402 shares of the company’s stock after buying an additional 4,058 shares during the period. Private Advisor Group LLC owned 0.48% of Vanguard U.S. Momentum Factor ETF worth $5,825,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF during the third quarter worth approximately $27,000. Harbor Asset Planning Inc. boosted its holdings in shares of Vanguard U.S. Momentum Factor ETF by 17.7% in the 3rd quarter. Harbor Asset Planning Inc. now owns 717 shares of the company’s stock worth $137,000 after acquiring an additional 108 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Vanguard U.S. Momentum Factor ETF during the 3rd quarter worth approximately $179,000. Melfa Wealth Management Inc. bought a new stake in Vanguard U.S. Momentum Factor ETF during the 3rd quarter worth approximately $227,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Vanguard U.S. Momentum Factor ETF by 15.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,332 shares of the company’s stock valued at $259,000 after purchasing an additional 176 shares in the last quarter.

Vanguard U.S. Momentum Factor ETF Stock Performance

Shares of VFMO opened at $196.52 on Friday. The stock has a fifty day moving average price of $204.60 and a two-hundred day moving average price of $195.36. Vanguard U.S. Momentum Factor ETF has a 52-week low of $128.58 and a 52-week high of $211.26. The company has a market cap of $1.24 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.