Envestnet Asset Management Inc. Trims Stake in Vanguard U.S. Momentum Factor ETF $VFMO

Envestnet Asset Management Inc. lessened its holdings in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,850 shares of the company’s stock after selling 3,255 shares during the period. Envestnet Asset Management Inc. owned approximately 1.40% of Vanguard U.S. Momentum Factor ETF worth $17,023,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of VFMO. MML Investors Services LLC raised its holdings in Vanguard U.S. Momentum Factor ETF by 1.5% in the 2nd quarter. MML Investors Services LLC now owns 3,933 shares of the company’s stock valued at $678,000 after buying an additional 57 shares during the period. Focus Partners Advisor Solutions LLC increased its position in shares of Vanguard U.S. Momentum Factor ETF by 1.2% during the second quarter. Focus Partners Advisor Solutions LLC now owns 5,370 shares of the company’s stock valued at $926,000 after acquiring an additional 64 shares during the last quarter. IAM Advisory LLC raised its stake in shares of Vanguard U.S. Momentum Factor ETF by 0.8% in the 3rd quarter. IAM Advisory LLC now owns 8,375 shares of the company’s stock valued at $1,605,000 after acquiring an additional 65 shares during the period. Royal Bank of Canada raised its stake in shares of Vanguard U.S. Momentum Factor ETF by 2.3% in the 1st quarter. Royal Bank of Canada now owns 3,776 shares of the company’s stock valued at $573,000 after acquiring an additional 86 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Vanguard U.S. Momentum Factor ETF by 0.9% in the 2nd quarter. International Assets Investment Management LLC now owns 9,923 shares of the company’s stock worth $1,712,000 after acquiring an additional 89 shares during the last quarter.

Vanguard U.S. Momentum Factor ETF Stock Performance

BATS:VFMO opened at $205.14 on Monday. Vanguard U.S. Momentum Factor ETF has a fifty-two week low of $128.58 and a fifty-two week high of $210.44. The company has a 50 day moving average price of $200.34 and a 200 day moving average price of $191.78. The stock has a market capitalization of $1.30 billion, a P/E ratio of 22.24 and a beta of 1.08.

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.