Financial Freedom LLC Makes New $31,000 Investment in Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Financial Freedom LLC purchased a new position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 190 shares of the company’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning raised its holdings in shares of Vanguard U.S. Momentum Factor ETF by 13.6% during the second quarter. Creative Planning now owns 4,816 shares of the company’s stock worth $723,000 after purchasing an additional 577 shares during the last quarter. Lazari Capital Management Inc. purchased a new position in shares of Vanguard U.S. Momentum Factor ETF during the second quarter worth $1,049,000. IAM Advisory LLC raised its holdings in shares of Vanguard U.S. Momentum Factor ETF by 2.1% during the third quarter. IAM Advisory LLC now owns 8,318 shares of the company’s stock worth $1,339,000 after purchasing an additional 173 shares during the last quarter. Pacific Sun Financial Corp purchased a new position in shares of Vanguard U.S. Momentum Factor ETF during the third quarter worth $212,000. Finally, Ritholtz Wealth Management raised its holdings in shares of Vanguard U.S. Momentum Factor ETF by 2.8% during the third quarter. Ritholtz Wealth Management now owns 431,899 shares of the company’s stock worth $69,514,000 after purchasing an additional 11,880 shares during the last quarter.

Vanguard U.S. Momentum Factor ETF Trading Up 3.7 %

VFMO stock opened at $170.19 on Monday. The firm has a market capitalization of $578.64 million, a price-to-earnings ratio of 15.83 and a beta of 1.31. The firm’s 50 day moving average price is $170.92 and its two-hundred day moving average price is $162.03.

Vanguard U.S. Momentum Factor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, December 26th. Stockholders of record on Monday, December 23rd were given a $0.4434 dividend. This is a positive change 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.