Vanguard U.S. Momentum Factor ETF (VFMO)
Vanguard U.S. Momentum Factor ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $228.31, up 0.27% on the session, giving a market capitalisation of $2.00B. Its beta of 1.32 implies it has historically moved more than the broad market.
Employing a systematic, quantitative framework, the advisor identifies U.S. equities exhibiting robust recent performance. The fund's holdings form a broadly diversified portfolio, spanning various market capitalizations (large, mid, and small), sectors, and industry groups. Its primary objective is to achieve significant long-term capital appreciation. Generally, a minimum of 80% of the fund's assets are allocated to securities issued by U.S. companies. The fund specifically defines its 'Momentum' factor based on total returns over the periods of month T-12 to T-1 and month T-7 to T-1, in addition to the intercept value from a one-year regression comparing individual stock returns to their regional benchmark.
Vanguard U.S. Momentum Factor ETF is most often compared with the following Financial Services names: