Harbour Investments Inc. Raises Position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Harbour Investments Inc. grew its position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 121.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,528 shares of the company’s stock after purchasing an additional 837 shares during the period. Harbour Investments Inc.’s holdings in Vanguard U.S. Momentum Factor ETF were worth $230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of Vanguard U.S. Momentum Factor ETF by 2.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,086 shares of the company’s stock valued at $467,000 after buying an additional 70 shares during the period. Aspect Partners LLC lifted its stake in shares of Vanguard U.S. Momentum Factor ETF by 3.4% during the 1st quarter. Aspect Partners LLC now owns 8,192 shares of the company’s stock worth $1,239,000 after acquiring an additional 272 shares during the last quarter. Mather Group LLC. purchased a new position in Vanguard U.S. Momentum Factor ETF during the 2nd quarter valued at $75,000. Cambridge Trust Co. bought a new position in Vanguard U.S. Momentum Factor ETF in the 1st quarter valued at $76,000. Finally, Nova R Wealth Inc. increased its stake in Vanguard U.S. Momentum Factor ETF by 4.1% in the second quarter. Nova R Wealth Inc. now owns 13,671 shares of the company’s stock worth $2,053,000 after purchasing an additional 542 shares during the period.

Vanguard U.S. Momentum Factor ETF Stock Performance

BATS:VFMO opened at $158.32 on Friday. The company has a market capitalization of $538.29 million, a P/E ratio of 15.83 and a beta of 1.31. The stock’s fifty day simple moving average is $152.58 and its two-hundred day simple moving average is $149.21.

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.