Partners Wealth Management LLC Acquires New Shares in Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Partners Wealth Management LLC bought a new position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,307 shares of the company’s stock, valued at approximately $379,000. Partners Wealth Management LLC owned about 0.07% of Vanguard U.S. Momentum Factor ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VFMO. Financial Freedom LLC acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at $31,000. Strategic Blueprint LLC bought a new position in Vanguard U.S. Momentum Factor ETF during the third quarter valued at about $203,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF in the third quarter worth about $214,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Vanguard U.S. Momentum Factor ETF during the 4th quarter worth about $223,000. Finally, Pacific Sun Financial Corp boosted its stake in shares of Vanguard U.S. Momentum Factor ETF by 15.7% during the 4th quarter. Pacific Sun Financial Corp now owns 1,523 shares of the company’s stock worth $250,000 after acquiring an additional 207 shares in the last quarter.

Vanguard U.S. Momentum Factor ETF Price Performance

Shares of VFMO stock opened at $166.96 on Monday. The firm has a fifty day moving average of $170.16 and a 200 day moving average of $165.74. The company has a market cap of $1.04 billion, a P/E ratio of 18.29 and a beta of 1.08.

Vanguard U.S. Momentum Factor ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, December 26th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.4434 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from Vanguard U.S. Momentum Factor ETF’s previous dividend of $0.15.

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.