Cabot Wealth Management Inc. raised its holdings in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO – Free Report) by 0.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 107,961 shares of the company’s stock after purchasing an additional 991 shares during the quarter. Vanguard U.S. Momentum Factor ETF accounts for about 2.2% of Cabot Wealth Management Inc.’s portfolio, making the stock its 12th largest holding. Cabot Wealth Management Inc.’s holdings in Vanguard U.S. Momentum Factor ETF were worth $18,626,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new stake in Vanguard U.S. Momentum Factor ETF during the second quarter worth approximately $105,000. Silver Oak Securities Incorporated bought a new stake in Vanguard U.S. Momentum Factor ETF during the first quarter worth approximately $173,000. Ameritas Advisory Services LLC bought a new stake in Vanguard U.S. Momentum Factor ETF during the second quarter worth approximately $192,000. Wealth Enhancement Advisory Services LLC bought a new stake in Vanguard U.S. Momentum Factor ETF during the second quarter worth approximately $201,000. Finally, Janney Montgomery Scott LLC bought a new stake in Vanguard U.S. Momentum Factor ETF during the first quarter worth approximately $210,000.
Vanguard U.S. Momentum Factor ETF Stock Performance
Shares of BATS:VFMO opened at $197.21 on Friday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08. Vanguard U.S. Momentum Factor ETF has a 1-year low of $128.58 and a 1-year high of $179.56. The company has a 50 day moving average price of $188.05 and a 200 day moving average price of $172.85.
Vanguard U.S. Momentum Factor ETF Company 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.
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