Cabot Wealth Management Inc. Trims Stock Holdings in Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Cabot Wealth Management Inc. cut its holdings in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 1.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 113,879 shares of the company’s stock after selling 2,033 shares during the period. Vanguard U.S. Momentum Factor ETF makes up about 2.3% of Cabot Wealth Management Inc.’s portfolio, making the stock its 10th biggest holding. Cabot Wealth Management Inc.’s holdings in Vanguard U.S. Momentum Factor ETF were worth $18,329,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in Vanguard U.S. Momentum Factor ETF during the 2nd quarter valued at about $75,000. Cambridge Trust Co. bought a new position in Vanguard U.S. Momentum Factor ETF during the 1st quarter valued at about $76,000. Pacific Sun Financial Corp bought a new position in Vanguard U.S. Momentum Factor ETF during the 3rd quarter valued at about $212,000. International Assets Investment Management LLC bought a new position in Vanguard U.S. Momentum Factor ETF during the 2nd quarter valued at about $203,000. Finally, Harbour Investments Inc. grew its stake in Vanguard U.S. Momentum Factor ETF by 121.1% in the 2nd quarter. Harbour Investments Inc. now owns 1,528 shares of the company’s stock worth $230,000 after acquiring an additional 837 shares in the last quarter.

Vanguard U.S. Momentum Factor ETF Price Performance

VFMO stock traded down $0.80 during mid-day trading on Tuesday, reaching $164.62. The company had a trading volume of 27,816 shares. The stock has a market cap of $559.71 million, a P/E ratio of 15.83 and a beta of 1.31. The business has a 50 day moving average of $155.97 and a 200 day moving average of $151.71.

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.