Cabot Wealth Management Inc. Sells 2,033 Shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Cabot Wealth Management Inc. trimmed its holdings in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,879 shares of the company’s stock after selling 2,033 shares during the quarter. Vanguard U.S. Momentum Factor ETF comprises about 2.3% of Cabot Wealth Management Inc.’s portfolio, making the stock its 10th biggest position. Cabot Wealth Management Inc. owned approximately 3.35% of Vanguard U.S. Momentum Factor ETF worth $18,329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management increased its position in Vanguard U.S. Momentum Factor ETF by 2.8% in the 3rd 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 in the last quarter. Davidson Investment Advisors increased its position in Vanguard U.S. Momentum Factor ETF by 2.1% in the 2nd quarter. Davidson Investment Advisors now owns 207,576 shares of the company’s stock valued at $31,178,000 after buying an additional 4,256 shares in the last quarter. Anderson Hoagland & Co. increased its position in Vanguard U.S. Momentum Factor ETF by 1.0% in the 1st quarter. Anderson Hoagland & Co. now owns 138,544 shares of the company’s stock valued at $20,358,000 after buying an additional 1,368 shares in the last quarter. Systelligence LLC bought a new stake in Vanguard U.S. Momentum Factor ETF during the 2nd quarter worth approximately $13,341,000. Finally, Schulz Wealth LTD. increased its holdings in Vanguard U.S. Momentum Factor ETF by 2.4% during the 1st quarter. Schulz Wealth LTD. now owns 83,393 shares of the company’s stock worth $12,616,000 after purchasing an additional 1,982 shares in the last quarter.

Vanguard U.S. Momentum Factor ETF Stock Performance

VFMO traded down $0.80 during midday trading on Tuesday, reaching $164.62. 27,816 shares of the company were exchanged. The stock has a 50 day moving average of $155.97 and a two-hundred day moving average of $151.71. The company has a market cap of $559.71 million, a P/E ratio of 15.83 and a beta of 1.31.

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.