Vanguard U.S. Momentum Factor ETF $VFMO Shares Newly Purchased by Elevation Capital Advisory LLC

Elevation Capital Advisory LLC purchased a new position in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,683 shares of the company’s stock, valued at approximately $1,063,000.

A number of other hedge funds have also recently added to or reduced their stakes in VFMO. Anderson Hoagland & Co. acquired a new stake in Vanguard U.S. Momentum Factor ETF in the third quarter valued at about $21,771,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Vanguard U.S. Momentum Factor ETF by 2.9% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 109,211 shares of the company’s stock valued at $21,525,000 after purchasing an additional 3,090 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Vanguard U.S. Momentum Factor ETF by 9.3% in the second quarter. NewEdge Advisors LLC now owns 40,946 shares of the company’s stock valued at $10,216,000 after purchasing an additional 3,473 shares during the period. Hobart Private Capital LLC boosted its holdings in Vanguard U.S. Momentum Factor ETF by 0.9% during the second quarter. Hobart Private Capital LLC now owns 32,338 shares of the company’s stock worth $8,069,000 after buying an additional 292 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Vanguard U.S. Momentum Factor ETF by 206.7% during the third quarter. International Assets Investment Management LLC now owns 30,000 shares of the company’s stock worth $6,812,000 after buying an additional 20,217 shares in the last quarter.

Vanguard U.S. Momentum Factor ETF Trading Down 3.0%

Shares of VFMO opened at $217.38 on Friday. The firm’s 50-day moving average is $226.37 and its two-hundred day moving average is $221.41. Vanguard U.S. Momentum Factor ETF has a twelve month low of $174.61 and a twelve month high of $250.20. The firm has a market capitalization of $1.38 billion, a P/E ratio of 22.24 and a beta of 1.08.

Vanguard U.S. Momentum Factor ETF Company 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.