Vanguard U.S. Momentum Factor ETF $VFMO Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC lowered its position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 62.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,268 shares of the company’s stock after selling 2,079 shares during the period. Belpointe Asset Management LLC’s holdings in Vanguard U.S. Momentum Factor ETF were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ritholtz Wealth Management grew its holdings in shares of 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 worth $72,802,000 after acquiring an additional 38,528 shares during the period. Cetera Investment Advisers lifted its stake 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 valued at $43,976,000 after buying an additional 19,478 shares in the last quarter. Strategic Financial Services Inc. lifted its stake in Vanguard U.S. Momentum Factor ETF by 1.7% in the 1st quarter. Strategic Financial Services Inc. now owns 269,499 shares of the company’s stock valued at $40,886,000 after buying an additional 4,597 shares in the last quarter. Systelligence LLC lifted its stake in Vanguard U.S. Momentum Factor ETF by 51.4% in the 1st quarter. Systelligence LLC now owns 145,318 shares of the company’s stock valued at $22,046,000 after buying an additional 49,349 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Vanguard U.S. Momentum Factor ETF by 51.5% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 107,518 shares of the company’s stock valued at $18,549,000 after buying an additional 36,548 shares in the last quarter.

Vanguard U.S. Momentum Factor ETF Stock Performance

VFMO stock opened at $189.69 on Friday. Vanguard U.S. Momentum Factor ETF has a 1 year low of $128.58 and a 1 year high of $179.56. The stock’s 50 day moving average price is $184.37 and its 200 day moving average price is $169.35. The firm has a market cap of $1.20 billion, a P/E ratio of 22.24 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.