Vanguard U.S. Momentum Factor ETF $VFMO Shares Purchased by Armbruster Capital Management Inc.

Armbruster Capital Management Inc. boosted its stake in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 10.3% in the first quarter, Holdings Channel.com reports. The fund owned 49,616 shares of the company’s stock after buying an additional 4,625 shares during the quarter. Vanguard U.S. Momentum Factor ETF comprises about 1.6% of Armbruster Capital Management Inc.’s portfolio, making the stock its 16th largest holding. Armbruster Capital Management Inc.’s holdings in Vanguard U.S. Momentum Factor ETF were worth $9,779,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Ritholtz Wealth Management increased its position in Vanguard U.S. Momentum Factor ETF by 8.6% during the first quarter. Ritholtz Wealth Management now owns 707,199 shares of the company’s stock worth $139,389,000 after buying an additional 56,191 shares during the period. Breakwater Capital Group boosted its holdings in shares of Vanguard U.S. Momentum Factor ETF by 31.9% in the first quarter. Breakwater Capital Group now owns 3,750 shares of the company’s stock valued at $739,000 after acquiring an additional 907 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of Vanguard U.S. Momentum Factor ETF by 4.0% in the first quarter. AdvisorNet Financial Inc now owns 1,664 shares of the company’s stock valued at $328,000 after acquiring an additional 64 shares during the period. Redwood Family Wealth LLC purchased a new position in shares of Vanguard U.S. Momentum Factor ETF during the fourth quarter worth approximately $732,000. Finally, NewEdge Advisors LLC grew its position in shares of Vanguard U.S. Momentum Factor ETF by 3.1% during the fourth quarter. NewEdge Advisors LLC now owns 33,307 shares of the company’s stock worth $6,370,000 after acquiring an additional 993 shares during the last quarter.

Vanguard U.S. Momentum Factor ETF Stock Up 2.1%

BATS VFMO opened at $244.30 on Friday. The firm has a market cap of $1.55 billion, a P/E ratio of 22.24 and a beta of 1.08. Vanguard U.S. Momentum Factor ETF has a 52-week low of $168.38 and a 52-week high of $246.17. The business’s 50-day moving average price is $230.06 and its 200 day moving average price is $211.56.

Vanguard U.S. Momentum Factor ETF 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.