Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Trading Down 1.7% – Here’s Why

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOMGet Free Report) shares traded down 1.7% during trading on Monday . The stock traded as low as $73.58 and last traded at $73.75. Approximately 27,772 shares traded hands 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 business has a 50-day moving average of $76.23 and a two-hundred day moving average of $74.54. The company has a market cap of $422.59 million, a P/E ratio of 27.79 and a beta of 1.07.

Institutional Trading of Alpha Architect U.S. Quantitative Momentum ETF

A number of institutional investors have recently modified their holdings of QMOM. Baker Boyer National Bank boosted its position in shares of Alpha Architect U.S. Quantitative Momentum ETF by 1.2% in the 4th quarter. Baker Boyer National Bank now owns 17,193 shares of the company’s stock worth $1,123,000 after purchasing an additional 199 shares in the last quarter. Parallel Advisors LLC acquired a new position in Alpha Architect U.S. Quantitative Momentum ETF during the 1st quarter valued at about $58,000. Advantage Trust Co raised its stake in Alpha Architect U.S. Quantitative Momentum ETF by 5.1% in the fourth quarter. Advantage Trust Co now owns 44,688 shares of the company’s stock valued at $2,918,000 after buying an additional 2,175 shares during the last quarter. Opal Capital LLC acquired a new stake in Alpha Architect U.S. Quantitative Momentum ETF in the fourth quarter worth about $300,000. Finally, Sankala Group LLC acquired a new stake in Alpha Architect U.S. Quantitative Momentum ETF in the fourth quarter worth about $650,000.

About Alpha Architect U.S. Quantitative Momentum ETF

(Get Free Report)

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.

Further Reading

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