Armbruster Capital Management Inc. Has $8.36 Million Stock Position in Vanguard U.S. Momentum Factor ETF $VFMO

Armbruster Capital Management Inc. lifted its stake in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 18.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,448 shares of the company’s stock after purchasing an additional 7,555 shares during the quarter. Vanguard U.S. Momentum Factor ETF accounts for about 1.5% of Armbruster Capital Management Inc.’s investment portfolio, making the stock its 18th largest holding. Armbruster Capital Management Inc. owned 0.77% of Vanguard U.S. Momentum Factor ETF worth $8,358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. JFS Wealth Advisors LLC purchased a new stake in Vanguard U.S. Momentum Factor ETF in the 1st quarter worth about $44,000. Ameritas Advisory Services LLC purchased a new stake in Vanguard U.S. Momentum Factor ETF in the 2nd quarter worth about $192,000. Silver Oak Securities Incorporated purchased a new stake in Vanguard U.S. Momentum Factor ETF in the 1st quarter worth about $173,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Vanguard U.S. Momentum Factor ETF in the 2nd quarter worth about $201,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Vanguard U.S. Momentum Factor ETF in the 1st quarter worth about $210,000.

Vanguard U.S. Momentum Factor ETF Trading Up 18.2%

Shares of Vanguard U.S. Momentum Factor ETF stock opened at $194.03 on Wednesday. The stock has a 50-day moving average price of $183.19 and a 200 day moving average price of $168.62. The company has a market cap of $1.23 billion, a P/E ratio of 22.24 and a beta of 1.08. Vanguard U.S. Momentum Factor ETF has a 1 year low of $128.58 and a 1 year high of $179.56.

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.