Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Reaches New 12-Month High – Should You Buy?

Vanguard U.S. Momentum Factor ETF (BATS:VFMO) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $239.54 and last traded at $239.54, with a volume of 35859 shares traded. The stock had previously closed at $235.35.

Vanguard U.S. Momentum Factor ETF Stock Up 1.4%

The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08. The company’s 50-day moving average price is $223.99 and its 200-day moving average price is $208.21.

Institutional Trading of Vanguard U.S. Momentum Factor ETF

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in Vanguard U.S. Momentum Factor ETF by 2.3% in the first quarter. Royal Bank of Canada now owns 3,776 shares of the company’s stock valued at $573,000 after acquiring an additional 86 shares in the last quarter. Jane Street Group LLC raised its holdings in Vanguard U.S. Momentum Factor ETF by 219.7% in the first quarter. Jane Street Group LLC now owns 11,792 shares of the company’s stock valued at $1,789,000 after acquiring an additional 8,103 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Vanguard U.S. Momentum Factor ETF by 4.7% in the second quarter. NewEdge Advisors LLC now owns 29,158 shares of the company’s stock valued at $5,030,000 after acquiring an additional 1,296 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in Vanguard U.S. Momentum Factor ETF by 12.7% in the second quarter. Diversify Advisory Services LLC now owns 3,160 shares of the company’s stock valued at $566,000 after acquiring an additional 356 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Vanguard U.S. Momentum Factor ETF by 6.0% in the second quarter. Raymond James Financial Inc. now owns 78,675 shares of the company’s stock valued at $13,573,000 after acquiring an additional 4,463 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.