Envestnet Portfolio Solutions Inc. Boosts Stock Holdings in Vanguard US Multifactor ETF (BATS:VFMF)

Envestnet Portfolio Solutions Inc. grew its holdings in Vanguard US Multifactor ETF (BATS:VFMF) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,594 shares of the company’s stock after purchasing an additional 132 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.17% of Vanguard US Multifactor ETF worth $469,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of VFMF. Brookstone Capital Management bought a new position in Vanguard US Multifactor ETF in the fourth quarter worth approximately $217,000. Transform Wealth LLC purchased a new position in shares of Vanguard US Multifactor ETF in the 4th quarter valued at $1,941,000. Raymond James Financial Inc. bought a new position in shares of Vanguard US Multifactor ETF in the 4th quarter worth $9,537,000. Bank of New York Mellon Corp lifted its stake in shares of Vanguard US Multifactor ETF by 4.4% during the 4th quarter. Bank of New York Mellon Corp now owns 12,565 shares of the company’s stock worth $1,641,000 after purchasing an additional 526 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Vanguard US Multifactor ETF during the 4th quarter worth $26,000.

Vanguard US Multifactor ETF Price Performance

VFMF opened at $129.15 on Wednesday. The firm has a market capitalization of $337.07 million, a PE ratio of 10.50 and a beta of 1.04. Vanguard US Multifactor ETF has a 1 year low of $117.60 and a 1 year high of $142.19. The business’s 50-day moving average is $132.67 and its two-hundred day moving average is $132.85.

Vanguard US Multifactor ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th will be paid a $0.603 dividend. This is a positive change from Vanguard US Multifactor ETF’s previous dividend of $0.60. The ex-dividend date is Tuesday, March 25th.

Vanguard US Multifactor ETF Profile

The Vanguard U.S. Multifactor ETF (VFMF) is an exchange-traded fund that is based on the MSCI USA Diversified Multi-Factor index. The fund is an actively-managed fund that invests in US equities exhibiting value, momentum, quality and low volatility factors. VFMF was launched on Feb 13, 2018 and is managed by Vanguard.