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

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

Vanguard U.S. Momentum Factor ETF Stock Performance

The firm has a fifty day simple moving average of $207.63 and a 200 day simple moving average of $200.71. The company has a market capitalization of $1.47 billion, a PE ratio of 22.24 and a beta of 1.08.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VFMO. Royal Bank of Canada increased its holdings in Vanguard U.S. Momentum Factor ETF by 2.3% during the 1st quarter. Royal Bank of Canada now owns 3,776 shares of the company’s stock worth $573,000 after purchasing an additional 86 shares during the period. Jane Street Group LLC increased its holdings in Vanguard U.S. Momentum Factor ETF by 219.7% during the 1st quarter. Jane Street Group LLC now owns 11,792 shares of the company’s stock worth $1,789,000 after purchasing an additional 8,103 shares during the period. NewEdge Advisors LLC increased its holdings in Vanguard U.S. Momentum Factor ETF by 4.7% during the 2nd quarter. NewEdge Advisors LLC now owns 29,158 shares of the company’s stock worth $5,030,000 after purchasing an additional 1,296 shares during the period. Diversify Advisory Services LLC increased its holdings in Vanguard U.S. Momentum Factor ETF by 12.7% during the 2nd quarter. Diversify Advisory Services LLC now owns 3,160 shares of the company’s stock worth $566,000 after purchasing an additional 356 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Vanguard U.S. Momentum Factor ETF by 6.0% during the 2nd quarter. Raymond James Financial Inc. now owns 78,675 shares of the company’s stock worth $13,573,000 after purchasing an additional 4,463 shares during the period.

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.