BIP Wealth LLC Invests $586,000 in Vanguard U.S. Quality Factor ETF $VFQY

BIP Wealth LLC bought a new position in Vanguard U.S. Quality Factor ETF (BATS:VFQY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,822 shares of the company’s stock, valued at approximately $586,000. BIP Wealth LLC owned about 0.14% of Vanguard U.S. Quality Factor ETF as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Mather Group LLC. purchased a new position in Vanguard U.S. Quality Factor ETF during the third quarter worth approximately $32,000. Salem Investment Counselors Inc. boosted its position in Vanguard U.S. Quality Factor ETF by 73.8% during the third quarter. Salem Investment Counselors Inc. now owns 695 shares of the company’s stock worth $105,000 after purchasing an additional 295 shares in the last quarter. Cobblestone Capital Advisors LLC NY purchased a new position in Vanguard U.S. Quality Factor ETF during the third quarter worth approximately $201,000. Quotient Wealth Partners LLC purchased a new position in Vanguard U.S. Quality Factor ETF during the third quarter worth approximately $204,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in Vanguard U.S. Quality Factor ETF during the third quarter worth approximately $240,000.

Vanguard U.S. Quality Factor ETF Trading Up 0.2%

Shares of VFQY stock opened at $154.61 on Friday. The company has a market capitalization of $431.36 million, a P/E ratio of 18.39 and a beta of 1.03. The business’s 50 day moving average is $154.09 and its two-hundred day moving average is $153.37. Vanguard U.S. Quality Factor ETF has a 12-month low of $121.91 and a 12-month high of $163.54.

Vanguard U.S. Quality Factor ETF Profile

The Vanguard U.S. Quality Factor ETF (VFQY) is an exchange-traded fund that is based on the Benchmark for VFQY Fund index. The fund seeks to provide long-term capital appreciation by investing in stocks with strong fundamentals as determined by the advisor. VFQY was launched on Feb 13, 2018 and is managed by Vanguard.