Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Reaches New 1-Year High – Should You Buy?

Vanguard U.S. Momentum Factor ETF (BATS:VFMOGet Free Report)’s stock price reached a new 52-week high on Monday . The company traded as high as $246.30 and last traded at $246.30, with a volume of 59348 shares changing hands. The stock had previously closed at $241.01.

Vanguard U.S. Momentum Factor ETF Price Performance

The stock’s 50-day moving average is $230.55 and its 200-day moving average is $211.88. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08.

Institutional Investors Weigh In On Vanguard U.S. Momentum Factor ETF

Hedge funds have recently made changes to their positions in the business. Ritholtz Wealth Management lifted 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. LPL Financial LLC grew its holdings in Vanguard U.S. Momentum Factor ETF by 35.0% in the 4th quarter. LPL Financial LLC now owns 140,128 shares of the company’s stock valued at $26,800,000 after buying an additional 36,308 shares during the period. Thrivent Financial for Lutherans purchased a new stake in Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at about $5,659,000. Tidal Investments LLC increased its stake in shares of Vanguard U.S. Momentum Factor ETF by 549.0% during the 3rd quarter. Tidal Investments LLC now owns 29,252 shares of the company’s stock valued at $5,605,000 after acquiring an additional 24,745 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Vanguard U.S. Momentum Factor ETF by 97.5% during the 4th quarter. UBS Group AG now owns 43,066 shares of the company’s stock valued at $8,236,000 after acquiring an additional 21,256 shares during the last quarter.

About Vanguard U.S. Momentum Factor ETF

(Get Free Report)

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.

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