Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Stock Jumps 0.9% – What’s Next?

by · The Markets Daily

Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Get Free Report)’s share price traded up 0.9% on Wednesday. The company traded as high as $223.36 and last traded at $222.68. Approximately 55,234 shares traded hands during trading, an increase of 1% from the average daily volume of 54,566 shares. The stock had previously closed at $220.63.

Vanguard U.S. Momentum Factor ETF Stock Performance

The firm has a market capitalization of $1.41 billion, a PE ratio of 22.24 and a beta of 1.08. The company’s 50 day simple moving average is $228.49 and its 200-day simple moving average is $228.91.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in Vanguard U.S. Momentum Factor ETF by 3,357.1% during the second quarter. IFP Advisors Inc now owns 3,630 shares of the company’s stock valued at $906,000 after buying an additional 3,525 shares during the period. NewEdge Advisors LLC grew its position in Vanguard U.S. Momentum Factor ETF by 12.5% during the first quarter. NewEdge Advisors LLC now owns 37,473 shares of the company’s stock worth $7,386,000 after buying an additional 4,166 shares in the last quarter. Tidal Investments LLC purchased a new position in Vanguard U.S. Momentum Factor ETF during the second quarter worth about $1,559,000. Quantinno Capital Management LP grew its position 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 worth $1,159,000 after buying an additional 4,661 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Vanguard U.S. Momentum Factor ETF by 418.1% in the 1st quarter. Royal Bank of Canada now owns 20,818 shares of the company’s stock worth $4,103,000 after acquiring an additional 16,800 shares during the last quarter.

Vanguard U.S. Momentum Factor ETF Company Profile

(Get Free Report)

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.

See Also