Hobart Private Capital LLC Makes New Investment in Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Hobart Private Capital LLC purchased a new stake in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 20,761 shares of the company’s stock, valued at approximately $3,412,000. Vanguard U.S. Momentum Factor ETF accounts for 0.8% of Hobart Private Capital LLC’s holdings, making the stock its 29th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Ritholtz Wealth Management raised its stake in Vanguard U.S. Momentum Factor ETF by 2.2% during the 4th quarter. Ritholtz Wealth Management now owns 441,345 shares of the company’s stock valued at $72,544,000 after purchasing an additional 9,446 shares during the last quarter. International Assets Investment Management LLC grew its position in Vanguard U.S. Momentum Factor ETF by 30,610.5% during the 3rd 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. Schulz Wealth LTD. grew its holdings in Vanguard U.S. Momentum Factor ETF by 3.6% during the 3rd quarter. Schulz Wealth LTD. now owns 84,433 shares of the company’s stock worth $13,589,000 after acquiring an additional 2,970 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in Vanguard U.S. Momentum Factor ETF by 86.2% in 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. Finally, Armbruster Capital Management Inc. raised its position in shares of Vanguard U.S. Momentum Factor ETF by 0.4% during the fourth quarter. Armbruster Capital Management Inc. now owns 39,740 shares of the company’s stock worth $6,532,000 after acquiring an additional 175 shares during the last quarter.

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

Vanguard U.S. Momentum Factor ETF stock opened at $174.91 on Friday. The company’s 50-day simple moving average is $170.38 and its 200-day simple moving average is $163.96. The firm has a market cap of $594.68 million, a P/E ratio of 15.83 and a beta of 1.31.

Vanguard U.S. Momentum Factor ETF Increases Dividend

The business also recently declared 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.

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.