Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Hits New 1-Year High – Here’s Why

Shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO) hit a new 52-week high during trading on Monday . The stock traded as high as $232.25 and last traded at $231.78, with a volume of 18463 shares. The stock had previously closed at $229.14.

Vanguard U.S. Momentum Factor ETF Stock Performance

The firm has a market cap of $1.47 billion, a P/E ratio of 22.24 and a beta of 1.08. The firm’s fifty day moving average is $207.97 and its 200 day moving average is $200.94.

Hedge Funds Weigh In On Vanguard U.S. Momentum Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc bought a new position in Vanguard U.S. Momentum Factor ETF in the 3rd quarter valued at approximately $27,000. North Star Investment Management Corp. bought a new position in Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at approximately $62,000. PNC Financial Services Group Inc. bought a new position in Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at approximately $76,000. High Note Wealth LLC bought a new position in Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at approximately $91,000. Finally, City State Bank lifted its stake in Vanguard U.S. Momentum Factor ETF by 420.0% in the 4th quarter. City State Bank now owns 520 shares of the company’s stock valued at $99,000 after purchasing an additional 420 shares during 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.