Arkadios Wealth Advisors Raises Position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Arkadios Wealth Advisors lifted its stake in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 10.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,938 shares of the company’s stock after acquiring an additional 184 shares during the period. Arkadios Wealth Advisors’ holdings in Vanguard U.S. Momentum Factor ETF were worth $319,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VFMO. International Assets Investment Management LLC lifted its stake in Vanguard U.S. Momentum Factor ETF by 30,610.5% in the third quarter. International Assets Investment Management LLC now owns 414,285 shares of the company’s stock worth $66,679,000 after acquiring an additional 412,936 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Vanguard U.S. Momentum Factor ETF by 86.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 55,408 shares of the company’s stock worth $8,918,000 after purchasing an additional 25,646 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of Vanguard U.S. Momentum Factor ETF by 253.2% during the third quarter. Redhawk Wealth Advisors Inc. now owns 18,099 shares of the company’s stock worth $2,913,000 after purchasing an additional 12,975 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Vanguard U.S. Momentum Factor ETF by 2.8% in the third quarter. Ritholtz Wealth Management now owns 431,899 shares of the company’s stock valued at $69,514,000 after buying an additional 11,880 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF in the fourth quarter valued at $1,870,000.

Vanguard U.S. Momentum Factor ETF Trading Up 6.5 %

BATS:VFMO opened at $174.91 on Friday. The firm has a market cap of $594.70 million, a PE ratio of 15.83 and a beta of 1.31. The business’s 50-day simple moving average is $170.79 and its 200-day simple moving average is $162.50.

Vanguard U.S. Momentum Factor ETF Increases Dividend

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

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.