Nova R Wealth Inc. Has $2.08 Million Stock Holdings in Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Nova R Wealth Inc. cut its position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 3.0% during the 4th quarter, HoldingsChannel reports. The firm owned 12,640 shares of the company’s stock after selling 393 shares during the quarter. Vanguard U.S. Momentum Factor ETF comprises about 1.0% of Nova R Wealth Inc.’s portfolio, making the stock its 20th largest holding. Nova R Wealth Inc.’s holdings in Vanguard U.S. Momentum Factor ETF were worth $2,078,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Perigon Wealth Management LLC raised its holdings in shares of Vanguard U.S. Momentum Factor ETF by 10.3% during the fourth quarter. Perigon Wealth Management LLC now owns 1,599 shares of the company’s stock worth $270,000 after acquiring an additional 149 shares during the period. Lincoln Capital Corp raised its holdings in shares of Vanguard U.S. Momentum Factor ETF by 0.6% during the fourth quarter. Lincoln Capital Corp now owns 26,866 shares of the company’s stock worth $4,416,000 after acquiring an additional 151 shares during the period. Armbruster Capital Management Inc. raised its holdings 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 period. Arkadios Wealth Advisors increased its stake in Vanguard U.S. Momentum Factor ETF by 10.5% in the 4th quarter. Arkadios Wealth Advisors now owns 1,938 shares of the company’s stock valued at $319,000 after buying an additional 184 shares during the last quarter. Finally, Financial Freedom LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at $31,000.

Vanguard U.S. Momentum Factor ETF Stock Up 6.8 %

Shares of VFMO stock opened at $175.32 on Friday. The company has a 50-day simple moving average of $170.16 and a two-hundred day simple moving average of $164.45. The firm has a market cap of $596.08 million, a price-to-earnings ratio of 15.83 and a beta of 1.31.

Vanguard U.S. Momentum Factor ETF Increases Dividend

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

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.