Royal Bank of Canada Grows Stock Holdings in Vanguard U.S. Momentum Factor ETF $VFMO

Royal Bank of Canada grew its position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 418.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,818 shares of the company’s stock after buying an additional 16,800 shares during the quarter. Royal Bank of Canada owned 0.33% of Vanguard U.S. Momentum Factor ETF worth $4,103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ritholtz Wealth Management lifted its stake in Vanguard U.S. Momentum Factor ETF by 8.6% during the 1st quarter. Ritholtz Wealth Management now owns 707,199 shares of the company’s stock worth $139,389,000 after acquiring an additional 56,191 shares in the last quarter. LPL Financial LLC grew its position in Vanguard U.S. Momentum Factor ETF by 35.0% in the 4th quarter. LPL Financial LLC now owns 140,128 shares of the company’s stock valued at $26,800,000 after acquiring an additional 36,308 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at about $5,659,000. Tidal Investments LLC increased its stake in Vanguard U.S. Momentum Factor ETF by 549.0% during the third quarter. Tidal Investments LLC now owns 29,252 shares of the company’s stock worth $5,605,000 after purchasing an additional 24,745 shares during the period. Finally, UBS Group AG increased its stake in Vanguard U.S. Momentum Factor ETF by 97.5% during the fourth quarter. UBS Group AG now owns 43,066 shares of the company’s stock worth $8,236,000 after purchasing an additional 21,256 shares during the period.

Vanguard U.S. Momentum Factor ETF Stock Performance

BATS VFMO opened at $238.90 on Friday. The firm has a 50 day simple moving average of $234.34 and a 200-day simple moving average of $220.17. Vanguard U.S. Momentum Factor ETF has a one year low of $172.91 and a one year high of $250.20. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08.

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.