Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Shares Purchased by United Advisor Group LLC

United Advisor Group LLC lifted its position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 30.8% in the third quarter, HoldingsChannel reports. The firm owned 4,212 shares of the company’s stock after buying an additional 992 shares during the period. United Advisor Group LLC’s holdings in Vanguard U.S. Momentum Factor ETF were worth $678,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VFMO. Mather Group LLC. acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF during the 2nd quarter worth approximately $75,000. Cambridge Trust Co. acquired a new position in shares of Vanguard U.S. Momentum Factor ETF in the 1st quarter valued at $76,000. International Assets Investment Management LLC purchased a new position in shares of Vanguard U.S. Momentum Factor ETF during the 2nd quarter worth $203,000. Strategic Blueprint LLC acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF during the 3rd quarter worth about $203,000. Finally, Pacific Sun Financial Corp purchased a new stake in Vanguard U.S. Momentum Factor ETF in the 3rd quarter valued at about $212,000.

Vanguard U.S. Momentum Factor ETF Trading Up 2.0 %

Shares of VFMO stock opened at $164.82 on Wednesday. The stock has a market capitalization of $560.39 million, a price-to-earnings ratio of 15.83 and a beta of 1.31. The stock’s fifty day moving average is $159.62 and its 200-day moving average is $153.48.

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.