Bank of America Corp DE Purchases Shares of 4,538 Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Bank of America Corp DE acquired a new stake in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,538 shares of the company’s stock, valued at approximately $746,000. Bank of America Corp DE owned about 0.13% of Vanguard U.S. Momentum Factor ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in Vanguard U.S. Momentum Factor ETF during the 4th quarter worth approximately $11,086,000. LPL Financial LLC raised its holdings in shares of Vanguard U.S. Momentum Factor ETF by 40.7% in the fourth quarter. LPL Financial LLC now owns 85,783 shares of the company’s stock valued at $14,100,000 after buying an additional 24,804 shares during the last quarter. Systelligence LLC grew its holdings in shares of Vanguard U.S. Momentum Factor ETF by 28.8% during the fourth quarter. Systelligence LLC now owns 95,969 shares of the company’s stock worth $15,774,000 after buying an additional 21,441 shares during the last quarter. Hobart Private Capital LLC acquired a new position in Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at about $3,412,000. Finally, Comerica Bank acquired a new stake in Vanguard U.S. Momentum Factor ETF during the 4th quarter worth approximately $1,481,000.

Vanguard U.S. Momentum Factor ETF Price Performance

BATS:VFMO opened at $168.30 on Monday. Vanguard U.S. Momentum Factor ETF has a 1-year low of $128.58 and a 1-year high of $179.56. The firm’s fifty day moving average price is $154.07 and its 200 day moving average price is $162.53. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 18.06 and a beta of 1.08.

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.