Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Hits New 12-Month High – Still a Buy?

Vanguard U.S. Momentum Factor ETF (BATS:VFMO)’s stock price hit a new 52-week high on Monday . The company traded as high as $224.82 and last traded at $224.47, with a volume of 15685 shares traded. The stock had previously closed at $223.74.

Vanguard U.S. Momentum Factor ETF Price Performance

The stock’s 50-day moving average is $206.70 and its two-hundred day moving average is $200.24. The stock has a market cap of $1.42 billion, a P/E ratio of 22.24 and a beta of 1.08.

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

A number of hedge funds have recently bought and sold shares of VFMO. Versant Capital Management Inc purchased a new stake in Vanguard U.S. Momentum Factor ETF during the third quarter valued at $27,000. North Star Investment Management Corp. purchased a new stake in Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at $62,000. PNC Financial Services Group Inc. purchased a new stake in Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at $76,000. High Note Wealth LLC purchased a new stake in Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at $91,000. Finally, City State Bank raised its stake in Vanguard U.S. Momentum Factor ETF by 420.0% during the fourth quarter. City State Bank now owns 520 shares of the company’s stock valued at $99,000 after purchasing an additional 420 shares in the last quarter.

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.