Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Trading Down 1.7% – Should You Sell?

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) dropped 1.7% during trading on Monday . The company traded as low as $73.58 and last traded at $73.75. Approximately 27,772 shares were traded during mid-day trading, an increase of 16% from the average session volume of 23,856 shares. The stock had previously closed at $75.01.

Alpha Architect U.S. Quantitative Momentum ETF Price Performance

The company’s 50 day moving average price is $76.14 and its two-hundred day moving average price is $74.59. The stock has a market capitalization of $430.09 million, a PE ratio of 27.79 and a beta of 1.07.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC purchased a new stake in shares of Alpha Architect U.S. Quantitative Momentum ETF in the first quarter valued at approximately $58,000. Opal Capital LLC purchased a new position in Alpha Architect U.S. Quantitative Momentum ETF during the fourth quarter worth approximately $300,000. Sankala Group LLC purchased a new position in Alpha Architect U.S. Quantitative Momentum ETF during the fourth quarter worth approximately $650,000. Baker Boyer National Bank boosted its stake in Alpha Architect U.S. Quantitative Momentum ETF by 1.2% during the fourth quarter. Baker Boyer National Bank now owns 17,193 shares of the company’s stock worth $1,123,000 after buying an additional 199 shares during the last quarter. Finally, Stillwater Private Wealth LLC acquired a new position in Alpha Architect U.S. Quantitative Momentum ETF during the first quarter worth $1,420,000.

Alpha Architect U.S. Quantitative Momentum ETF Company Profile

The Alpha Architect U.S. Quantitative Momentum ETF (QMOM) is an exchange-traded fund that is based on the QMOM-US – No underlying index. The fund is an active, equal-weighted portfolio of US stocks, screened for their strong and consistent momentum. QMOM was launched on Dec 2, 2015 and is issued by Alpha Architect.