Great Valley Advisor Group Inc. Acquires 4,655 Shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Great Valley Advisor Group Inc. boosted its holdings in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 18.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 29,762 shares of the company’s stock after purchasing an additional 4,655 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Vanguard U.S. Momentum Factor ETF were worth $4,470,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mather Group LLC. bought a new stake in shares of Vanguard U.S. Momentum Factor ETF in the 2nd quarter worth $75,000. Cambridge Trust Co. bought a new stake in Vanguard U.S. Momentum Factor ETF in the 1st quarter worth about $76,000. Raymond James & Associates purchased a new stake in Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at about $235,000. Avantax Advisory Services Inc. purchased a new stake in Vanguard U.S. Momentum Factor ETF in the 1st quarter valued at about $286,000. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Vanguard U.S. Momentum Factor ETF by 2.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,086 shares of the company’s stock worth $467,000 after buying an additional 70 shares during the last quarter.

Vanguard U.S. Momentum Factor ETF Trading Up 1.7 %

Shares of VFMO stock traded up $2.46 during trading on Wednesday, hitting $149.78. The company’s stock had a trading volume of 27,434 shares. The business’s 50 day moving average is $151.03 and its two-hundred day moving average is $147.76. The company has a market cap of $509.25 million, a P/E ratio of 15.83 and a beta of 1.31.

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.