Lazari Capital Management Inc. Trims Stock Holdings in Vanguard U.S. Momentum Factor ETF $VFMO

Lazari Capital Management Inc. trimmed its holdings in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 3.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,591 shares of the company’s stock after selling 115 shares during the period. Lazari Capital Management Inc.’s holdings in Vanguard U.S. Momentum Factor ETF were worth $620,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VFMO. Bank of America Corp DE purchased a new position in Vanguard U.S. Momentum Factor ETF during the 4th quarter worth $746,000. AdvisorNet Financial Inc increased its holdings in Vanguard U.S. Momentum Factor ETF by 6.0% during the 1st quarter. AdvisorNet Financial Inc now owns 2,017 shares of the company’s stock worth $306,000 after purchasing an additional 115 shares during the period. Parallel Advisors LLC purchased a new position in Vanguard U.S. Momentum Factor ETF during the 1st quarter worth $167,000. Merit Financial Group LLC increased its holdings in Vanguard U.S. Momentum Factor ETF by 22.8% during the 1st quarter. Merit Financial Group LLC now owns 13,969 shares of the company’s stock worth $2,119,000 after purchasing an additional 2,591 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its holdings in Vanguard U.S. Momentum Factor ETF by 25.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,697 shares of the company’s stock worth $257,000 after purchasing an additional 339 shares during the period.

Vanguard U.S. Momentum Factor ETF Stock Up 15.9%

VFMO opened at $190.24 on Monday. The stock’s fifty day moving average is $180.74 and its two-hundred day moving average is $166.82. The company has a market capitalization of $1.20 billion, a P/E ratio of 22.24 and a beta of 1.08. Vanguard U.S. Momentum Factor ETF has a 52 week low of $128.58 and a 52 week high of $179.56.

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.