Payne Capital LLC Has $288,000 Holdings in Vanguard U.S. Momentum Factor ETF $VFMO

Payne Capital LLC cut its holdings in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 89.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,459 shares of the company’s stock after selling 12,633 shares during the period. Payne Capital LLC’s holdings in Vanguard U.S. Momentum Factor ETF were worth $288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ritholtz Wealth Management lifted its holdings in shares of Vanguard U.S. Momentum Factor ETF by 8.6% during the 1st quarter. Ritholtz Wealth Management now owns 707,199 shares of the company’s stock valued at $139,389,000 after purchasing an additional 56,191 shares in the last quarter. LPL Financial LLC raised its holdings in Vanguard U.S. Momentum Factor ETF by 35.0% during the 4th quarter. LPL Financial LLC now owns 140,128 shares of the company’s stock worth $26,800,000 after buying an additional 36,308 shares during the period. Thrivent Financial for Lutherans acquired a new stake in Vanguard U.S. Momentum Factor ETF during the 4th quarter worth approximately $5,659,000. Tidal Investments LLC lifted its stake in Vanguard U.S. Momentum Factor ETF by 549.0% in the third quarter. Tidal Investments LLC now owns 29,252 shares of the company’s stock valued at $5,605,000 after buying an additional 24,745 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Vanguard U.S. Momentum Factor ETF by 97.5% in the fourth quarter. UBS Group AG now owns 43,066 shares of the company’s stock valued at $8,236,000 after buying an additional 21,256 shares during the period.

Vanguard U.S. Momentum Factor ETF Stock Up 2.1%

Shares of VFMO stock opened at $244.30 on Friday. Vanguard U.S. Momentum Factor ETF has a 12-month low of $168.38 and a 12-month high of $246.17. The firm has a fifty day moving average of $230.06 and a 200-day moving average of $211.56. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08.

Vanguard U.S. Momentum Factor ETF Profile

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.