Apollon Wealth Management LLC Takes Position in Vanguard U.S. Momentum Factor ETF $VFMO

Apollon Wealth Management LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,872 shares of the company’s stock, valued at approximately $668,000. Apollon Wealth Management LLC owned approximately 0.06% of Vanguard U.S. Momentum Factor ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of VFMO. Financial Partners Group Inc acquired a new position in shares of Vanguard U.S. Momentum Factor ETF in the 1st quarter valued at about $9,062,000. Systelligence LLC lifted its stake in shares of Vanguard U.S. Momentum Factor ETF by 51.4% in the 1st quarter. Systelligence LLC now owns 145,318 shares of the company’s stock valued at $22,046,000 after purchasing an additional 49,349 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Vanguard U.S. Momentum Factor ETF by 51.5% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 107,518 shares of the company’s stock valued at $18,549,000 after purchasing an additional 36,548 shares in the last quarter. Betterment LLC acquired a new position in shares of Vanguard U.S. Momentum Factor ETF in the 1st quarter valued at about $3,186,000. Finally, Cetera Investment Advisers lifted its stake in shares of Vanguard U.S. Momentum Factor ETF by 7.2% in the 1st quarter. Cetera Investment Advisers now owns 289,868 shares of the company’s stock valued at $43,976,000 after purchasing an additional 19,478 shares in the last quarter.

Vanguard U.S. Momentum Factor ETF Stock Performance

Shares of BATS:VFMO opened at $198.76 on Thursday. The company has a market cap of $1.26 billion, a P/E ratio of 22.24 and a beta of 1.08. Vanguard U.S. Momentum Factor ETF has a one year low of $128.58 and a one year high of $179.56. The business’s 50-day simple moving average is $185.66 and its 200 day simple moving average is $170.15.

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.