Envestnet Asset Management Inc. Sells 24,691 Shares of Vanguard US Multifactor ETF (BATS:VFMF)

Envestnet Asset Management Inc. lowered its position in shares of Vanguard US Multifactor ETF (BATS:VFMF) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,136 shares of the company’s stock after selling 24,691 shares during the period. Envestnet Asset Management Inc. owned approximately 0.11% of Vanguard US Multifactor ETF worth $29,027,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates grew its position in Vanguard US Multifactor ETF by 167.0% in the 2nd quarter. Raymond James & Associates now owns 20,339 shares of the company’s stock worth $2,490,000 after purchasing an additional 12,720 shares during the period. Walkner Condon Financial Advisors LLC grew its position in Vanguard US Multifactor ETF by 30.6% in the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 19,255 shares of the company’s stock worth $2,357,000 after purchasing an additional 4,513 shares during the period. Anderson Hoagland & Co. grew its position in Vanguard US Multifactor ETF by 1.3% in the 1st quarter. Anderson Hoagland & Co. now owns 317,395 shares of the company’s stock worth $38,983,000 after purchasing an additional 4,041 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in Vanguard US Multifactor ETF in the 2nd quarter worth approximately $454,000. Finally, Commonwealth Equity Services LLC grew its position in Vanguard US Multifactor ETF by 4.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 41,286 shares of the company’s stock worth $5,054,000 after purchasing an additional 1,589 shares during the period.

Vanguard US Multifactor ETF Stock Performance

Shares of VFMF stock opened at $130.01 on Friday. The company’s 50-day simple moving average is $126.91 and its two-hundred day simple moving average is $124.42. The company has a market cap of $269.11 million, a P/E ratio of 10.28 and a beta of 0.99.

About Vanguard US Multifactor ETF

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.