Ritholtz Wealth Management Acquires 30,641 Shares of Vanguard U.S. Momentum Factor ETF $VFMO

Ritholtz Wealth Management grew its holdings in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 628,387 shares of the company’s stock after buying an additional 30,641 shares during the quarter. Vanguard U.S. Momentum Factor ETF accounts for approximately 2.3% of Ritholtz Wealth Management’s holdings, making the stock its 10th biggest holding. Ritholtz Wealth Management owned 0.10% of Vanguard U.S. Momentum Factor ETF worth $120,396,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Vanguard U.S. Momentum Factor ETF in the third quarter valued at about $27,000. Harbor Asset Planning Inc. acquired a new stake in Vanguard U.S. Momentum Factor ETF during the second quarter valued at approximately $105,000. Ameritas Advisory Services LLC acquired a new position in shares of Vanguard U.S. Momentum Factor ETF in the 2nd quarter worth approximately $192,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF in the 2nd quarter valued at $201,000. Finally, Melfa Wealth Management Inc. bought a new stake in Vanguard U.S. Momentum Factor ETF in the third quarter valued at $227,000.

Vanguard U.S. Momentum Factor ETF Stock Performance

Shares of BATS:VFMO opened at $206.13 on Friday. The company has a market capitalization of $1.30 billion, a PE ratio of 22.24 and a beta of 1.08. The company’s fifty day moving average is $192.92 and its 200-day moving average is $186.92. 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 Company 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.