Vanguard US Multifactor ETF (BATS:VFMF) Sets New 12-Month High – Here’s Why

Vanguard US Multifactor ETF (BATS:VFMF)’s stock price reached a new 52-week high on Thursday. The stock traded as high as $189.45 and last traded at $189.34, with a volume of 3,481 shares trading hands. The stock had previously closed at $188.36.

Vanguard US Multifactor ETF Price Performance

The stock has a 50-day simple moving average of $184.52 and a 200-day simple moving average of $172.45. The stock has a market cap of $501.51 million, a P/E ratio of 14.32 and a beta of 0.97.

Institutional Investors Weigh In On Vanguard US Multifactor ETF

Hedge funds have recently made changes to their positions in the stock. Brookstone Capital Management bought a new stake in shares of Vanguard US Multifactor ETF during the third quarter worth $115,076,000. Geneos Wealth Management Inc. lifted its stake in shares of Vanguard US Multifactor ETF by 2.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 43,757 shares of the company’s stock valued at $6,786,000 after acquiring an additional 1,116 shares during the last quarter. Physician Wealth Advisors Inc. lifted its stake in shares of Vanguard US Multifactor ETF by 519.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 22,664 shares of the company’s stock valued at $4,046,000 after acquiring an additional 19,005 shares during the last quarter. RHS Financial LLC lifted its stake in shares of Vanguard US Multifactor ETF by 124.9% in the 3rd quarter. RHS Financial LLC now owns 17,915 shares of the company’s stock valued at $3,198,000 after acquiring an additional 9,948 shares during the last quarter. Finally, MGO One Seven LLC lifted its stake in shares of Vanguard US Multifactor ETF by 10.9% in the 3rd quarter. MGO One Seven LLC now owns 16,824 shares of the company’s stock valued at $3,003,000 after acquiring an additional 1,655 shares during the last quarter.

About Vanguard US Multifactor ETF

The Vanguard U.S. Multifactor ETF (VFMF) is an exchange-traded fund that is based on the MSCI USA Diversified Multi-Factor index. The fund is an actively-managed fund that invests in US equities exhibiting value, momentum, quality and low volatility factors. VFMF was launched on Feb 13, 2018 and is managed by Vanguard.