Armbruster Capital Management Inc. Increases Stock Position in Vanguard U.S. Momentum Factor ETF (BATS:VFMO)

Armbruster Capital Management Inc. increased its holdings in shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,740 shares of the company’s stock after purchasing an additional 175 shares during the period. Vanguard U.S. Momentum Factor ETF accounts for 1.3% of Armbruster Capital Management Inc.’s investment portfolio, making the stock its 21st largest holding. Armbruster Capital Management Inc.’s holdings in Vanguard U.S. Momentum Factor ETF were worth $6,532,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VFMO. Ritholtz Wealth Management increased its stake in shares of Vanguard U.S. Momentum Factor ETF by 2.2% during the fourth quarter. Ritholtz Wealth Management now owns 441,345 shares of the company’s stock worth $72,544,000 after acquiring an additional 9,446 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Vanguard U.S. Momentum Factor ETF by 30,610.5% in the 3rd quarter. International Assets Investment Management LLC now owns 414,285 shares of the company’s stock valued at $66,679,000 after buying an additional 412,936 shares during the period. Schulz Wealth LTD. boosted its stake in shares of Vanguard U.S. Momentum Factor ETF by 3.6% in the third quarter. Schulz Wealth LTD. now owns 84,433 shares of the company’s stock valued at $13,589,000 after buying an additional 2,970 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in Vanguard U.S. Momentum Factor ETF by 86.2% during the third quarter. Great Valley Advisor Group Inc. now owns 55,408 shares of the company’s stock worth $8,918,000 after acquiring an additional 25,646 shares during the period. Finally, Lincoln Capital Corp lifted its holdings in Vanguard U.S. Momentum Factor ETF by 0.6% in the fourth quarter. Lincoln Capital Corp now owns 26,866 shares of the company’s stock valued at $4,416,000 after acquiring an additional 151 shares during the period.

Vanguard U.S. Momentum Factor ETF Stock Performance

BATS:VFMO opened at $174.58 on Monday. The stock’s fifty day moving average is $170.90 and its two-hundred day moving average is $162.82. The firm has a market cap of $593.57 million, a PE ratio of 15.83 and a beta of 1.31.

Vanguard U.S. Momentum Factor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, December 26th. Shareholders of record on Monday, December 23rd were given a dividend of $0.4434 per share. This is a positive change from Vanguard U.S. Momentum Factor ETF’s previous dividend of $0.15. The ex-dividend date was Monday, December 23rd.

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.