Park Avenue Securities LLC Invests $244,000 in Vanguard U.S. Momentum Factor ETF $VFMO

Park Avenue Securities LLC acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,414 shares of the company’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Partners Group Inc acquired a new position in Vanguard U.S. Momentum Factor ETF during the first quarter valued at approximately $9,062,000. Systelligence LLC boosted its holdings in shares of Vanguard U.S. Momentum Factor ETF by 51.4% during the 1st quarter. Systelligence LLC now owns 145,318 shares of the company’s stock worth $22,046,000 after buying an additional 49,349 shares during the period. Ritholtz Wealth Management grew its stake in Vanguard U.S. Momentum Factor ETF by 8.7% in the 1st quarter. Ritholtz Wealth Management now owns 479,873 shares of the company’s stock valued at $72,802,000 after buying an additional 38,528 shares during the last quarter. Betterment LLC bought a new position in Vanguard U.S. Momentum Factor ETF in the 1st quarter worth $3,186,000. Finally, Cetera Investment Advisers raised its holdings in Vanguard U.S. Momentum Factor ETF by 7.2% in the 1st quarter. Cetera Investment Advisers now owns 289,868 shares of the company’s stock worth $43,976,000 after acquiring an additional 19,478 shares during the period.

Vanguard U.S. Momentum Factor ETF Price Performance

VFMO stock opened at $191.90 on Thursday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08. The company has a 50-day moving average of $181.73 and a two-hundred day moving average of $167.44. Vanguard U.S. Momentum Factor ETF has a 52-week low of $128.58 and a 52-week high of $179.56.

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.