Arkadios Wealth Advisors Takes $259,000 Position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Arkadios Wealth Advisors purchased a new position in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,727 shares of the company’s stock, valued at approximately $259,000. Arkadios Wealth Advisors owned 0.05% of Vanguard U.S. Momentum Factor ETF at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Redhawk Wealth Advisors Inc. acquired a new position in shares of Vanguard U.S. Momentum Factor ETF during the second quarter worth about $770,000. AdvisorNet Financial Inc lifted its position in Vanguard U.S. Momentum Factor ETF by 414.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,878 shares of the company’s stock worth $282,000 after acquiring an additional 1,513 shares in the last quarter. Schulz Wealth LTD. purchased a new position in Vanguard U.S. Momentum Factor ETF in the 4th quarter worth approximately $10,689,000. Mather Group LLC. acquired a new stake in Vanguard U.S. Momentum Factor ETF in the second quarter valued at approximately $75,000. Finally, Great Valley Advisor Group Inc. raised its stake in shares of Vanguard U.S. Momentum Factor ETF by 18.5% during the second quarter. Great Valley Advisor Group Inc. now owns 29,762 shares of the company’s stock valued at $4,470,000 after purchasing an additional 4,655 shares during the period.

Vanguard U.S. Momentum Factor ETF Stock Up 1.2 %

Shares of VFMO stock opened at $158.32 on Friday. The company has a fifty day moving average price of $152.58 and a two-hundred day moving average price of $149.27. The stock has a market capitalization of $538.29 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.