Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Sets New 52-Week High – Still a Buy?

Vanguard U.S. Momentum Factor ETF (BATS:VFMO)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $222.52 and last traded at $222.07, with a volume of 8778 shares trading hands. The stock had previously closed at $221.74.

Vanguard U.S. Momentum Factor ETF Stock Performance

The firm has a market cap of $1.38 billion, a P/E ratio of 22.24 and a beta of 1.08. The company’s 50 day moving average is $206.14 and its 200 day moving average is $199.89.

Hedge Funds Weigh In On Vanguard U.S. Momentum Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Payne Capital LLC acquired a new position in Vanguard U.S. Momentum Factor ETF in the 3rd quarter valued at approximately $2,696,000. Sagespring Wealth Partners LLC acquired a new position in Vanguard U.S. Momentum Factor ETF in the 3rd quarter valued at approximately $2,129,000. Breakwater Capital Group acquired a new position in Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at approximately $544,000. Ritholtz Wealth Management increased its position in Vanguard U.S. Momentum Factor ETF by 3.6% in the 4th quarter. Ritholtz Wealth Management now owns 651,008 shares of the company’s stock valued at $124,505,000 after acquiring an additional 22,621 shares during the period. Finally, Focus Partners Advisor Solutions LLC increased its position in Vanguard U.S. Momentum Factor ETF by 55.7% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 8,362 shares of the company’s stock valued at $1,616,000 after acquiring an additional 2,992 shares during the period.

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.