TFB Advisors LLC Raises Holdings in Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

TFB Advisors LLC raised its position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 33.0% during the fourth quarter, HoldingsChannel reports. The firm owned 3,049 shares of the company’s stock after purchasing an additional 757 shares during the period. TFB Advisors LLC’s holdings in Vanguard U.S. Momentum Factor ETF were worth $501,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ritholtz Wealth Management grew its position in shares of Vanguard U.S. Momentum Factor ETF by 2.2% in the fourth quarter. Ritholtz Wealth Management now owns 441,345 shares of the company’s stock valued at $72,544,000 after purchasing an additional 9,446 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Vanguard U.S. Momentum Factor ETF by 30,610.5% during the third quarter. International Assets Investment Management LLC now owns 414,285 shares of the company’s stock worth $66,679,000 after buying an additional 412,936 shares during the last quarter. Schulz Wealth LTD. grew its holdings in Vanguard U.S. Momentum Factor ETF by 3.6% in the 3rd quarter. Schulz Wealth LTD. now owns 84,433 shares of the company’s stock valued at $13,589,000 after buying an additional 2,970 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in shares of Vanguard U.S. Momentum Factor ETF by 86.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 55,408 shares of the company’s stock worth $8,918,000 after acquiring an additional 25,646 shares during the last quarter. Finally, Armbruster Capital Management Inc. increased its stake in shares of Vanguard U.S. Momentum Factor ETF by 0.4% in the 4th quarter. Armbruster Capital Management Inc. now owns 39,740 shares of the company’s stock worth $6,532,000 after acquiring an additional 175 shares during the last quarter.

Vanguard U.S. Momentum Factor ETF Stock Performance

Shares of VFMO stock opened at $172.95 on Thursday. The firm’s fifty day moving average price is $170.19 and its 200-day moving average price is $164.38. The firm has a market cap of $588.02 million, a PE ratio of 15.83 and a beta of 1.31.

Vanguard U.S. Momentum Factor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, December 26th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.4434 per share. The ex-dividend date was Monday, December 23rd. This is an increase from Vanguard U.S. Momentum Factor ETF’s previous dividend of $0.15.

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.