Tectonic Advisors LLC Reduces Position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Tectonic Advisors LLC trimmed its holdings in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,899 shares of the company’s stock after selling 359 shares during the quarter. Tectonic Advisors LLC owned about 0.09% of Vanguard U.S. Momentum Factor ETF worth $476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VFMO. Financial Freedom LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF during the fourth quarter worth about $31,000. Strategic Blueprint LLC acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF during the 3rd quarter worth approximately $203,000. Pacific Sun Financial Corp purchased a new stake in shares of Vanguard U.S. Momentum Factor ETF during the 3rd quarter valued at approximately $212,000. Signature Estate & Investment Advisors LLC acquired a new position in Vanguard U.S. Momentum Factor ETF in the third quarter valued at approximately $214,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in Vanguard U.S. Momentum Factor ETF in the fourth quarter worth approximately $223,000.

Vanguard U.S. Momentum Factor ETF Stock Performance

VFMO stock opened at $175.63 on Thursday. The firm has a market capitalization of $597.15 million, a PE ratio of 15.83 and a beta of 1.31. The stock’s 50-day simple moving average is $170.48 and its two-hundred day simple moving average is $163.70.

Vanguard U.S. Momentum Factor ETF Increases Dividend

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