Thoroughbred Financial Services LLC Increases Holdings in Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Thoroughbred Financial Services LLC boosted its position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 25.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,177 shares of the company’s stock after buying an additional 1,051 shares during the quarter. Thoroughbred Financial Services LLC owned approximately 0.15% of Vanguard U.S. Momentum Factor ETF worth $851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in Vanguard U.S. Momentum Factor ETF during the 4th quarter valued at about $11,086,000. LPL Financial LLC boosted its stake in shares of Vanguard U.S. Momentum Factor ETF by 40.7% during the fourth quarter. LPL Financial LLC now owns 85,783 shares of the company’s stock valued at $14,100,000 after purchasing an additional 24,804 shares during the period. Systelligence LLC grew its holdings in shares of Vanguard U.S. Momentum Factor ETF by 28.8% in the fourth quarter. Systelligence LLC now owns 95,969 shares of the company’s stock worth $15,774,000 after purchasing an additional 21,441 shares during the last quarter. Hobart Private Capital LLC purchased a new position in shares of Vanguard U.S. Momentum Factor ETF in the fourth quarter worth $3,412,000. Finally, Clear Creek Financial Management LLC boosted its position in Vanguard U.S. Momentum Factor ETF by 536.9% during the 4th quarter. Clear Creek Financial Management LLC now owns 15,100 shares of the company’s stock valued at $2,482,000 after buying an additional 12,729 shares during the period.

Vanguard U.S. Momentum Factor ETF Trading Down 17.4 %

VFMO stock opened at $135.68 on Friday. The stock has a market capitalization of $843.92 million, a price-to-earnings ratio of 16.58 and a beta of 1.09. The firm’s 50-day moving average price is $162.34 and its two-hundred day moving average price is $165.90. Vanguard U.S. Momentum Factor ETF has a 12-month low of $133.88 and a 12-month high of $179.56.

Vanguard U.S. Momentum Factor ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were issued a dividend of $0.3118 per share. The ex-dividend date was Tuesday, March 25th.

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.