Genesis Wealth Advisors LLC Takes $6.91 Million Position in Vanguard U.S. Quality Factor ETF (BATS:VFQY)

Genesis Wealth Advisors LLC bought a new position in Vanguard U.S. Quality Factor ETF (BATS:VFQY) in the fourth quarter, HoldingsChannel reports. The fund bought 49,042 shares of the company’s stock, valued at approximately $6,910,000. Vanguard U.S. Quality Factor ETF makes up about 6.0% of Genesis Wealth Advisors LLC’s portfolio, making the stock its 4th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. FSA Wealth Management LLC bought a new stake in Vanguard U.S. Quality Factor ETF during the third quarter valued at about $29,000. Farther Finance Advisors LLC acquired a new stake in shares of Vanguard U.S. Quality Factor ETF in the third quarter worth approximately $47,000. Orion Portfolio Solutions LLC acquired a new position in Vanguard U.S. Quality Factor ETF during the third quarter worth $238,000. Creative Planning boosted its stake in Vanguard U.S. Quality Factor ETF by 14.2% during the third quarter. Creative Planning now owns 1,748 shares of the company’s stock worth $250,000 after buying an additional 217 shares during the last quarter. Finally, Root Financial Partners LLC raised its position in Vanguard U.S. Quality Factor ETF by 4.3% in the fourth quarter. Root Financial Partners LLC now owns 2,534 shares of the company’s stock valued at $357,000 after purchasing an additional 104 shares during the period.

Vanguard U.S. Quality Factor ETF Price Performance

VFQY stock opened at $143.21 on Monday. The stock has a market cap of $396.68 million, a P/E ratio of 14.91 and a beta of 1.07. The company has a 50-day moving average price of $144.30 and a two-hundred day moving average price of $143.19.

Vanguard U.S. Quality Factor ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, December 26th. Stockholders of record on Monday, December 23rd were given a dividend of $0.5285 per share. This is a boost from Vanguard U.S. Quality Factor ETF’s previous dividend of $0.37. The ex-dividend date of this dividend was Monday, December 23rd.

Vanguard U.S. Quality Factor ETF Profile

The Vanguard U.S. Quality Factor ETF (VFQY) is an exchange-traded fund that is based on the Benchmark for VFQY Fund index. The fund seeks to provide long-term capital appreciation by investing in stocks with strong fundamentals as determined by the advisor. VFQY was launched on Feb 13, 2018 and is managed by Vanguard.