Armbruster Capital Management Inc. Has $8.61 Million Stake in Vanguard U.S. Momentum Factor ETF $VFMO

Armbruster Capital Management Inc. decreased its holdings in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,991 shares of the company’s stock after selling 2,759 shares during the quarter. Vanguard U.S. Momentum Factor ETF accounts for approximately 1.4% of Armbruster Capital Management Inc.’s investment portfolio, making the stock its 17th largest position. Armbruster Capital Management Inc. owned 0.71% of Vanguard U.S. Momentum Factor ETF worth $8,605,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Payne Capital LLC bought a new position in shares of Vanguard U.S. Momentum Factor ETF in the 3rd quarter valued at $2,696,000. Sagespring Wealth Partners LLC bought a new stake in Vanguard U.S. Momentum Factor ETF during the 3rd quarter worth $2,129,000. Breakwater Capital Group bought a new stake in Vanguard U.S. Momentum Factor ETF during the 4th quarter worth $544,000. Davidson Investment Advisors grew its position in Vanguard U.S. Momentum Factor ETF by 5.7% during the 3rd quarter. Davidson Investment Advisors now owns 139,778 shares of the company’s stock worth $26,781,000 after acquiring an additional 7,479 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in Vanguard U.S. Momentum Factor ETF by 15.4% during the 3rd quarter. Private Advisor Group LLC now owns 30,402 shares of the company’s stock worth $5,825,000 after acquiring an additional 4,058 shares during the last quarter.

Vanguard U.S. Momentum Factor ETF Stock Down 0.1%

Shares of VFMO stock opened at $211.62 on Friday. The firm has a market capitalization of $1.34 billion, a P/E ratio of 22.24 and a beta of 1.08. Vanguard U.S. Momentum Factor ETF has a twelve month low of $138.80 and a twelve month high of $212.61. The stock’s fifty day simple moving average is $202.71 and its 200 day simple moving average is $197.62.

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.